The solution to this was to have done a bare minimum inspection and cancel.

And raise your base line credit requirement. 600 is way too low regardless of your class of property. 650 should be a absolute bare minimum to mitigate your risk.

Sorry to hear about the tough experience.Thankfully I have only done 1 local eviction and it actually went relatively smooth (Less than 4 months, barely:) ).

This means that to reach a DSCR of 1.25 your debt service must be below $17,640/year or $1,470/month.This is absolute bare minimum for DSCR.

We've been barely breaking even since we bought the home in December, but are expecting our summer months to gross about $20,000.

You have to value the cost of building being cheaper than it cost to buy.Again just my two cents AlexAgain bare with spelling and grammar as my phone is recording me.

That's the bare-bones life of Jesus Christ.

In general, don't worry about the interest rate at it's current state but what is actually more important is if the utilization of this HELOC makes sense in terms of growing your portfolio, doesn't create to much risk that you are not willing to bare, and the numbers work then always do it is how I see it!

The elitists will tell you schlage is the bare minimum.  

We've been barely breaking even since we bought the home in December, but are expecting our summer months to gross about $20,000.