i average in the 700-775 range without utilities, and my units have been remodeled.

@Tim Vander PloegFHA loan products are for owner occupants.

It's a bit easier bringing a buyer to the product, than having the product and finding the buyer, so most new agents cut their teeth on the buy side.

I’ve averaged these ppl ~30% annually on their money, so they’re hesitant to change strategy at all.It’s my job to simplify and explain things correctly.

I know the area street by street, I can keep an eye on the property and some of the properties are around that 50k mark, and its a very average neighborhood. 

My concern is whether it is common for banks to have clauses in a HELOC product that will allow them to stop the draw period at any time due to discontent in dropping housing values. 

Other loan products such as USDA have those requirements. 

We have been using an adhesive product from lowes called musclebound instead of thinset.

Hello, I'm in northern MN, and looking into getting into investing, and am looking for some advice.I'm looking at a 4 plex locally with 4 2b 1ba units.Cost is $160k, but I think it's worth closer to $180k.Yearly Rent is $26,760.I would use my heloc for down payment so basically financing the whole thing.Love the locationHas 1 lifer(been there 7 years) the current owner has not raised rent on in a while and I probably wouldn't either.Taxes are $3000Tenants pay electricAverage local income is $35K with average house price is $138,582.Seems like even @ $165k I'd be doing pretty well.I'd self manage, and fix issues, but from what I can see, there are not any pressing CapX's needed.Not sure on cost of heat yet.Any other info needed?

So are we talking a few hundred a month on average