(this makes HELOC's essentially unavailable to me=/)My situation and where I am seeking advice:currently seeking lines of credit from multiple banks.  

Essentially as he moved he bought a place and kept it/rented it after he moved to a new area. 

This is not the popular option as it costs money to replace it outright but I typically spend $800 or so installed.

In regards to the terms, I received a 30 year fixed mortgage with a 4.4% interest rate, at the time I got approved I was at solid 690- 700 credit score but my credit has grown since then.The home warranty is about $960-$1,100 annually which averages to about $83-$85 monthly, and covers just about everything in BOTH UNITS, the sweet part is my realtor fought for it to be paid at the closing by the seller, so I ended up getting the first year essentially for free.

Just for reference a typical syndication deal would offer you a preferred return of 8 to10 percent after which profits would go 70/30 in favor of the investor.

Typically a better product results in higher margins.

When they require full funds I will typically bring a check for a $1 over the starting bid amount, then I will bring some random denominations, like some 1K checks, one for 2K, one for $500, one for 5K.

I looked at what the typical costs were through the year (some utilities will tell you if you call), then split it out based on the size of that unit in such a way that I would never be charging more than their fair usage.

This would get me the property essentially free BUT would leave me with almost no passive income (break-even) because the rent is not high enough, the mortgage would be for 134K, the property tax is not helping and I would have to close twice in a short period.What am I concerned about:1.

Typically on my pro formas I don't figure in depreciation tax savings.