Most HELOC's were originated in second lien positions, that was the nature of the beast. 

I just dont have any experience with houses of this nature and I dont want to scare the seller off or shoot myself in the foot.

As you grow your business, an attorney will be a natural part of your team and provide guidance.

I don't have any real estate experience, although I do have a decent amount of book knowledge on the topic.In my day job, I help companies improve profitability by using artificial intelligence, natural-language processing, and statistical models to sift through big data (yes, ALL the buzz words).

I'm excited to explore this avenue as it feels like coming home to my true nature of being willing to take risks, think outside of the box and try new things. 

Wear and slight distresses on natural wood seems less shabby to me than chipped, flaking and discoloring paint.

It's not like we are Denver where nature can be easily experienced nor are we Nashville with its music scene.

Naturally in a year or 2 I do plan to refi & release that property from the purchase. 

But it is the nature of the beast.I am from the area so I have an understanding of where to place my bids, however, it was astonishing how many offers most of my targets had within a day in some properties people would have passed in a different time. 

Rentometer shows a 3 bed in this area at around $1100, but a 4 bed as high as $1450.I have more but they are similar in nature.