The agent value comes in analyzing the value, neighborhood trend/knowledge, how to read/research the seller as to motivation, protective and trap clauses in the wording of the contract, which lenders actually perform, which title companies to avoid, which inspectors to use/avoid, how to negotiate when problems occur prior to closing, etc, etc.....all of which You you are not experienced/competent in.So, You decide.

The variable interest rate on the loan is currently 4.5%.So, if I were to draw 50,000 from the HELOC to pay for this rental property, my minimum payment for the first month would be $750, of which about $188 would be interest, and the remaining $562 would go towards the principal.

They are RE investors that tap the banking system for financing.Here's what I've read in terms of landlord responsibility:In NY the residential landlord has no duty to mitigate its damages and may recover the full value of remaining payments owed under the lease for the entire lease term even if the landlord makes no attempt whatsoever to offset, minimize, or cover its losses.Looking for some advise. 

I have a feeling that we should have offered a little less since the seller was very motivated.

I was extremely motivated to purchase a home we could BRRR and live close to rent free.

The notion of a contractor handling the property management in the end is attractive to me as, (in my mind) they will be motivated to get the work done quickly without cutting corners if there is a rental to handle in the end.While there, I met with 2 other contractors.

Hi BP communityI have been an avid BP podcast listener for months, and motivated to get into real estate buy and hold and buy and flip.

You will be motivated to keep the expenses minimal and to pay it off before the introductory rate expires.

That's just one example of how the technical aspects mesh with government aspects.Even marketing, being able to sell lots, is useful as is being able to get along with others and assess their abilities and motivate them to be part of your team either as employees, vendors, financial supporters, etc., all come into play. 

You can either have her sign a new 1-year lease, or she can remain month to month which would not require her to sign a lease each month.