.- It creates a lien on investment property: asset protection.Normally LoC is good if you need money for a relatively short time, pull out and put it back.

@Dawn Anastasi I can relate to the workmen leaving the window open.

Both had different investment strategy that entailed a buy and hold model that proved very successful allowing time for family and early semi-retirement (as im sure everyone would agree a landlords job is never done).While my objective is similar to that above, my path and goals are slightly different.

relatively new to the investing scene and the wholesaling thing both altogether, however wholesaling might be difficult in my area because I do not live around abandoned properties, nor are there none close to me.

The good news is it's a six month lease so we can part ways relatively soon.If anyone has a late payment letter they like, please let me know.

Since parking and real estate are soo closely related.

Here's some info Brandon Turner did on his Blog:http://realestateinyourtwenties.com/blog/hard-money-lenders-loan-sharks-of-the-real-estate-industry/Alternatives you might try would be private lenders - friends, relatives, real estate agents, contractors, etc.

In more states, RTO is considered a credit transaction which would invoke the need for whatever licensure the state feels appropriate, and compliance with federal laws related to lending.

The OP has no income... and I guess no living expenses relative to a 1003.

EPA does have some federal regulations related renovation and pre-1978 housing but I don't know how enforced it is.In any event you could not have it tested now.