@Jeremy DuganThis structure is absolutely feasible, and it’s legal, assuming all terms are clearly outlined in the seller financing agreement. 

Originally posted by @Reginald Ross:@Andrey Y.Sounds like someone’s fishing for capital ;) Not even close.

You'll want to incorporate interest costs on the HELOC while you're using it, but that will add to your holding costs in addition to utilities, closing costs, etc..

I know there are some amazing opportunities in both of these markets but if I was leaning toward one right now from what we have available I would go with OKC, looking closely at tax rates. 

The loan on this house is $650,000.I closed on a new primary residence end of June.

I bought a cash-flowing, turnkey duplex in my hometown (a market I knew and understood and saw the potential for + have family close by that can help me manage it since i'm OOS).

If you opt for the second option, you’ll need to coordinate more closely with multiple subs, which could be time-consuming.It's crucial to have a team member overseeing the project, even if you choose one GC.

We buy at a discount and pledge our legal right to collect the debt (a collateral assignment agreement) as the collateral for the private capital loan we take out, which is backed by the value of the real estate securing the 1st loan.  

So, if you fail to apply the correct assumptions to a property, your expectations won’t be met and it may even be a financial disaster.We use the following to rank Property Classes, in order of importance:Property Tenant Pool: closely linked to location, but not always.Property Location: closely linked to tenant pool, but not always.Property Condition & Amenities: it’s important to, “Maintain to the Neighborhood.”Key metrics for each Property Class:Class A Properties:Tenant Pool: Majority of FICO scores 680+, no convictions/evictions in last 7 years.

The property is in Bristol TN close to where Hurricane Helene hit.