Not only is the entire European Union threatened with collapse because of the excessive debt and budget deficit policies of these countries, but so is the entire world economy.

What I need to get more clarity on is what happens with the excess proceeds bid at auction.

I am told "the courts find that excessive".

Calling an exterminator is excessive even if there were a dozen or more mice hiding in the property.

Maverick received a referral fees (in excess of $6000) from the transaction between ABC Baltimore and me.

It may seem excessive to plow into this analysis, but I assure you: if you understand supply/demand issues at work in your intended market, you will have greater confidence to pull the trigger or put the gun down.You can be successful as an investor, but it won’t happen if you can’t identify the target and pull the trigger with consistency and accuracy.

Any excess will be reinvested.

The $40,000 I plan on pulling out will be put towards an investment property, which I know will put another hole in my pocket but I I have $3500 excess cash flow after expenses so I can afford to fix as I go. 

Unless you will be coming into sufficient funds (in the near future) to retire a larger HELoC balance than minimum downpayment (10K to 40K, assuming a residential property, and depending on whether the mortgage is insured and the number of units (1-4) in the  property) - or, perhaps, in excess of the minimum downpayment and the maximum prepayment allowance of the mortgage - you would be better offer minimizing the funds at the higher interest rate.

Unfortunately, Ohio (where I live and invest) requires interest be paid to the tenant on security deposits in excess of 1 month's rent.