Have them include a risk reward matrix and a review checklist.  

Can I find a lender to refinance an investment property that is fully paid off?. 

Pick a market that fits your investing goals, then build your team (investor friendly agent, lender, PM, contractors, etc). 

Hi Bhrgu, there are not a lot of lenders/banks that will do a HELOC on an investment property.

However, lenders typically need to see that debt payments have been made by the other party for a certain period of time to remove it from the DTI (12 months usually).

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Make sure you feel comfortable with the lease terms in case someone does need to be evicted and review the policies of Oxford House or anyone else you might rent to.

The majority of buyers consider a lender recommended by their RE broker that they are familiar with.

I am currently looking at buying a new construction home as a long term rental property. sales price $214000. first my lender told me I can do 0 down. and I am really excited about this deal. but later he told me that am not qualified for 0 down because of my income. the other option is that I can do fha with 3.5% down, 6.125% interest rate. cash to close is $14000. my monthly payment is around $1575-$1590.it can at least rent for $1700 as a long term rental property.

If i purchase this HOA/COA lien i am wondering what are my options when it comes to the mortgage. i know there are 4 options for sure1) Notify the lender of the situation and payoff the mortgage2) Don't do anything, rent it out and let it get foreclosed on3) Flip the property quickly as possible before it gets foreclosed on (the mortgage will get paid off)4) Sell the property as is at a slight discount to recent comps (the mortgage will get paid off)This is the one I'm not so sure about5) Notify the lender of the situation and let me continue making the payments on the mortgage for a long term rental playmy question is, is #5 doable?