Lower income workers are the first to be laid off in a bad economy, which is evident when you look at white-collar versus blue-collar unemployment.

Many owners make up fake books to sell, never use thier numbers unless verified.BTW, a seller financed foreclosure will hit you credit, it's public knowledge and it can be reported from the filings as evidence since the note holder is not a credit reporting entity. :)

Go in and photograph evidence of abandoned.if its in your lease (a clause of abandonment) then go re rent it.

Honestly, I don't think there's much value if all you're providing is a list of addresses of properties you believe to be vacant.Do you have any evidence someone you've given an addresses to has purchased a property on your list?

The seller might tell you that every roof needs to be replaced "down the road" as do water heaters and given this, he doesn't see the need to offer a "discount" for future repairs/capex.So, other than discounting the typical needs of stabilizing a property from the beginning and unless something significant (like a roof, etc.) needs to be repaired/replaced pretty much at the time of ownership change, how far into the future is necessary to calculate on a pro-forma and to evidence a seller about its significance?

But I've seen no evidence it either a quick or an easy way to earn an income.

It is one hell of a stretch to draw that conclusion based on your "evidence".

If you had a decent income two years ago and combine that with the obvious evidence that you can generate income from real estate (which you did), you'll be over the hump with the income question.Using your own home as collateral, most lenders won't flinch if you're asking to borrow only 50% of your home's value.

From what we have been able to scope out so far, it seems, due to no contrary evidence otherwise, this HELOC is in first position.

What evidence do you have that leads you to this conclusion?