Lenders also feel more comfortable extending these kind of loans if the borrower is experienced.

Does this extend to L Hills as well?

Quite literally, the words from Powell’s mouth were “We’re not even thinking about thinking about thinking about raising interest rates[…] we think that the economy will need [very low interest rates] for an extended period”.

Try to avoid shorter term loans of 6-9 months, go for 12 months + option to extend.

- contract not notarized; covers your possession of property as a tenant2) option - contract to buy - also not notarized normally - usually shows all the terms of the future purchase: term, price of option itself, price of property at future purchase, financing, rent credits, last day to exercise the option (make the purchase), rights to extend the option (or more likely not without more money), etc.3) memorandum of option - YES notarized because you want it recorded (but the owner often doesn't because it shows his property is tied up by you).

And who to say they are not going to extend moratorium.

do you think they will just extend it? 

AND they would LET you extend your debt out 3 freaking decades (sidenote: how does that make any sense at all? 

I know finding a lender that will extend a HELOC on a non owner occupied property would be tough but, if 80% LTV on a HELOC covers the purchase price + repairs I could do a full draw and give it all back to the family member, and then simply pay off the HELOC... 

I wasn't able to raise rents, had collection issues and am likely looking at eviction (if permitted) and/or extended vacancy in Memphis.