I’m a medical sales rep during the day.

Hey guys - I'm thrilled that I found this website and I'm quite astonished at all the information that it has to offer! I am currently a full time NYC firefighter (14 yrs on the job with possible retirement in 6 yrs) ...

Medical bills from a major illness 5+ years ago are one thing. 

We purchased with a conventional loan with $15k down out of a $25k budget as we want to keep some of the funds for emergencies, but we also want to renovate ... everything.

This means that outside of having a reasonable emergency fund I am going to me spend all of my cash on acquisitions. 

If the letter is signed by a medical doctor, psychiatrist, psychologist, counselor, therapist or social worker, you must accept it at face value unless you have some legitimate reason to believe it is bogus. 

.- Money for cost and time over-runs and emergencies.- Dont forget that at the end of the day HMLs while convenient and are great for certain uses are nevertheless usually short term loans, are more expensive than conventional loans, and HAVE TO BE PAID BACK.Best wishes.

Is it similar to assisted living where there are paid medical staff to come into the home ?

Here's my plan: I worried I don't have the bandwidth to actively own the asset class I'm interested in (10-to-30-unit buildings in emerging markets), so I'm doing some deep market research to identify a handful of really promising markets and connect with locals active in those markets.

On the sale of the property, repeat the process until you reach the point where you have sufficient capital so that you no longer require the line of equity but I would keep it in place for emergencies.