The appreciation is great - but also as you mentioned - not as predictable as you are subject to market conditions. 

Bad because often 20% is the minimum down, frequently it goes to 25% down, interest rates higher, terms overall less favorable.As for funding the down payment, save, gamble, pick up a second or third job, borrow from family or have family/friends invest with you, get an active partner, etc.

FYI next deal NEVER inherit tenants require the subject to be vacant, you are lucky they pay.

May the raccoons who frequent it be kind and continent.And yes, it should be "La Parte Deux."

Credit score is subjective.

Where is subject located?

If you are talking about traveling for locums work, frequently the hospital will set this up for the physicians.

I acquired the property subject-to, and the existing mortgage is with Ameris Bank, and they would do it, but they say I'd need to go to the local branch -- and I don't live in one of their states.I'm almost done with rehab, so I'm on the hunt for a bank that can provide this LOC.

Long story short, we frequent Boston a lot.

So for example, before signing it seems correct to get our own team to walk the subject property (ie, our own fiduciary realtor, inspector and contractor for rehab estimates, etc., and property manager since we'll be holding as rental), check on liens, flood zones, etc.