Feel free to reach out and I can give you intros.You are free to post self-serving comments, it is a public forum.However, please refrain from "ignore him" when you disagree with other people.Flat fee and fee-based advisors still earn commissions in addition to their fees, and in fact make the majority of their income from sales.

Hi Bhrgu, there are not a lot of lenders/banks that will do a HELOC on an investment property.

You can also find a helpful realtor to research the data through the mls or a public records database.

However, lenders typically need to see that debt payments have been made by the other party for a certain period of time to remove it from the DTI (12 months usually).

Review your state's landlord-tenant laws and give them a Notice of Non Renewal as soon as possible.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

The majority of buyers consider a lender recommended by their RE broker that they are familiar with.

As a short-term rental, it would make $4,000 a month during the "season" (five months in the winter) and about $2,500–$3,000 in the non-season (the rest of the year). 

I am currently looking at buying a new construction home as a long term rental property. sales price $214000. first my lender told me I can do 0 down. and I am really excited about this deal. but later he told me that am not qualified for 0 down because of my income. the other option is that I can do fha with 3.5% down, 6.125% interest rate. cash to close is $14000. my monthly payment is around $1575-$1590.it can at least rent for $1700 as a long term rental property.

If i purchase this HOA/COA lien i am wondering what are my options when it comes to the mortgage. i know there are 4 options for sure1) Notify the lender of the situation and payoff the mortgage2) Don't do anything, rent it out and let it get foreclosed on3) Flip the property quickly as possible before it gets foreclosed on (the mortgage will get paid off)4) Sell the property as is at a slight discount to recent comps (the mortgage will get paid off)This is the one I'm not so sure about5) Notify the lender of the situation and let me continue making the payments on the mortgage for a long term rental playmy question is, is #5 doable?