Here’s what I mean:When you file your tax returns there are certain deductions that can be added BACK to your income to help you qualify for a Fannie/Freddie type of loan.

But most importantly that don't want to make a bad loan.

A heloc add another trade line to your credit and can cause issues with fico scores dropping or DTI going up causing issues with credit limits or other risk based issues.Regarding the $4K in closing costs that is pretty much the standard for a loan amount of $100 to $150K.

@Sheifta Anwar Highly unlikely….banks know they get the best price by getting on the market and most banks are just servicing for the actual loan holders…and they have policies to put it on the market.

Will the mentor co-sign the loans?

@Jason Staine - I'd be happy to help out by making a few improvements to the site - free of charge. 

I am looking for an affordable property management software that will also help me manage loans made to others.  

You will have fairly sizable tenant improvement or build out costs with each lease.  

Rehab loans? 

Here are some reasons not to sell:- 2.7% loan is very low by today’s rate.