In addition, the loan does not have to be repaid until the borrower no longer occupies the property.home equity line of creditA mortgage loan, usually in second position, that allows the borrower to obtain cash drawn against the equity of his home, up to a predetermined amount.home inspectionA thorough inspection by a professional that evaluates the structural and mechanical condition of a property.

I'm paying 8% for hm right now, and I'm not sure  a non-conventional lender would go into a backup position for this type of loan for much less.

My experience has very positive for the most part.

IF you are set on that you want them to grow with you then you can set a number and a dollar figure for this position. 

I know some people get by paying for real estate with credit cards and other craziness, but most people still standing in 10 years are dealing from a position of strength: good credit, good reserves, good boundaries with others. $1500 is peanuts.

In my opinion, the Founder’s Letter written by Jonathan expressed values of: (1) Open Communication, (2) Actively Engaged Management, (3) Care for Each ClientAlthough RDU was stellar in getting me off the ground in my first real estate venture, about halfway into our relationship, I noticed that action on core values expressed in the Founder’s Letter began to wane.Most recent, after Hurricane Florence, I received a text message from Jonathan saying, “Your properties faired well during the storm”.

What is my best course of action?

@Mike Van Arsdale So, the problem is that you can't get a LOC from a commercial lender unless they are in the first position?

I have a substantial monthly positive cashflow for many of these properties.

I have been wondering if it is worth it as I have heard positive and negative about the results.