We do HELOCs as well. 

the lady trying to borrow had this great notion but no experience and the property she was trying to buy I happened to know very well it was in Clear Lake CA no way it could be developed.. but she had a dream and Remington fed into that dream. 

@Andy OkamotoOne cautionary note: if your idea of "cash flow" is $10K in net operating income, $120K before taxes in your pocket every year off your rental property, well, if it happens to you in 10 years, it will be a low-probability event with a lot of lucky breaks and eventually will likely ruin your life when you make a misstep because you assumed your lucky break was the norm.If you're serious about moving out here, at least look at the Pittsburgh area and its proximity to Carnegie Mellon (tech) and UPMC (health care).

I put twenty percent down at time of purchase as well.

We are a full service property management and real estate brokerage based in Virginia looking to assist anyone as well as invest on our own.

Happy to be a resource for you as well & good luck on your journey!

In short, what they offer is fraudulent and they well know it. 

It wouldn’t make sense for someone to say, “well this is the best choice I can make in the moment so I’m gonna make this other one instead”.

Since I'm trying to cut costs, I do plan on having the next two tenants pay for water as well. 

House would purchase for 30k I'm a contractor as well reno for 25k - 30k so 55k- 60k total investment and property value of 100k after reno.