The government is trying to protect people who managed to run their life well enough to buy multi-million dollar homes?

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

Your best rule of thumb for where you are at in life is to not buy anything you wouldn't live in yourself.

Whereas, you could be on the AG's hook for screwing John Doe the homeowner out of his sole possession in his life. 

And even then, the life cycle is generally pretty long from first contact to closing.  

Here are a few stats which should raise an eyebrow about Detroit $1 billion invested in more than 4,600 units of affordable housing over the past five years Job growth with more than 25,000 more Detroiters employed since 2014 A return to investment grade bond status for the first time since 2009Reductions in crime beating national trends, including the fewest homicides in 57 years Successfully hosting the largest ever NFL Draft at 775,000 people over three days In terms of starting out in Real Estate it also makes sense to invest in Detroit considering that the entry costs are low and if you plan to buy and hold, Section 8 makes for a great partner to insure steady rent payments.

You protect your assets by buying a landlord insurance policy, which comes with dwelling plus liability coverage. 

Questions they will have is who is the owner, what experience do they have, is their key person insurance against them etc. 

Passengers in their own life. 

Another pro for a HELOC is not having to meet a HML's requirements for a loan (insurance, draw schedules etc....)