Someone correct me of I'm wrong, but isn't there a % limit of what banks will give on a HELOC loan in relation to the appraised value?

If it sounds fishy, be sure that a lender will want an explanation of your motives.An important fact to consider is that home equity lines of credit (HELOCs) are limited to 80% loan to value (LTV), with some credit unions going as high as 90%.

Cash flow is strong, but the appreciation is limited in this working class neighborhood.

Exit strategies are somewhat limited with most condos in the Vegas market due to financing concerns.

It was sent to a second underwriter due to the fact that between the three partners, this purchase would exceed the 4 property limit (A & B have 3 properties, C has 1) The second underwriter wouldn't give a loan commitment due to this circumstance.

(though I'm not sure they can limit that, but not sure) Look at the monthly payment on the house, plus the park rent, etc and what that includes.

Depends on what you want to do, An agent can manage a property unless there is some state limitation to renting, a broker is even better, each has it's down sides too, so saying a broker might not really be the best if allyou want to do is list and sell, a broker must ste up an office, have business hours, a telephone, post bonds, etc. so you need to look at what you want to do first and then get the appropriate license for that work. :)

Yes, you will end up paying lender fees that you otherwise wouldn't as a cash buyer, but your risk will be limited by lowering your out-of-pocket expense.

I am not sure why you would limit it to newer than 1960.

I have also taken the liberty to generalize in responses, with shorter/limited examples and such. 2.