If you're working with a lender, you should be making an offer contingent on obtaining financing and submit a pre-approval letter from the lender with your offer. 

To be more clear:Interest Only Monthly Payment = (HELOC Balance x APR Interest Rate)/12And as I said before..  

I told the RE agent that the seller would carry back 20% of the purchase price, for 5%APR, with a balloon payment in 5 years. 

You need to ask yourself: would you rather hold it vacant for a week or risk losing a pre-qualified tenant and trying to find a new one that will occupy on the first.Ideally, this is a discussion you have with them before they ever apply.

It was a pre-forclosure, granted, I may have gotten a better deal else where, but I know the complex, the HOA, and they do a nice job of taking care of the place.

REALTORS®, acting as agents or brokers of buyers/tenants, shall recommend that buyers/tenants obtain the advice of legal counsel if there is a question as to whether a pre-existing contract has been terminated.

You make normal payments and invest cash in something else (it uses the expected APR on investment value). and 3.

I just bought a house with no points, 10% down, 10% apr - it is really an "owner carry" but the owner is an LLC that is wholesaling it to me - I felt that was kinda like a hard money loan. 

 ( i realize I will likely pay a Pre-Payoff penalty ) So will I end up using any Money I get each time that I go to do a Cash-Out refi. , and use this money to Pay off what I owe on the HELOC , thus Freeing up this HELOC to use on the next property ?

Was wondering if putting a pre-fab storage building in the back yard might allow me to charge an extra $100 or so.