Bets are on her wanting to go travel around for a while.It's a 3/1 on about an acre of land, mixed zoning in Lakewood, CO just west of Denver.

Then if the project sells in 10-months which is not uncommon in my market where permits can take way too long, you pay an addition 4 pts in extension fees.

Because he had a mortgage of $6k/mth and a car note of $2k/mth...in addition to his other household expenses. 

Potential new payment on additional Versa for myself would be $175 for 3 years (total guess)Is it beneficial to try and trade this thing in on another 2015 Nissan and end up with owing $6000 or so and have a much smaller, shorter payment?

I'm interested in picking up some additional properties. 

For networking with wholesalers, my best bet not knowing any better would be finding whomever I can on BP and checking out local meetups, then seeing how many of both of those I can cram into a short trip in Indy.Do you use a web tool for comps, or do you know your target areas well after a few trips?  

@Percy N. my immediate thought as well...My banker (not my credit union - I have both, and there are good and bad for this) and I have discussed the HELOC and it's 5.5% with no additional cost/fees, etc...

Even if it's nominal, or even if you get no additional rent, working on the place while occupied is cheaper than having it sit vacant while you do that work.

Not picking on you but there ws some homework you didn't do along the way and I would bet he was not the most expensive guy.

@Assaf Furman the premium is based on the building value you are insuring, so without knowing what that is, no one could tell you if that is high or low.I'll PM you some additional options you may want to consider.