Just can't remember on which coast I've seen them.

Remember you can never start out too low but once you go in with a number it will generally go up from there....Chris

Not sure about this $250K thing... from what I seem to remember that needed to be for owner occupancy.

Ideally this collateral would be used to secure a line of credit with as few covenants as are feasible.

That would be unethical in my eyes but again ethics is a subjective topic.You have to remember that just because you reason things a certain way does not make it the only way or the way the rest of the world sees it.There are many people that have very different views from me.As long as it's not breaking the law I will listen to what they have to say and try to understand but I do not have to change my position.I can change my position to their position on the topic 100%,change part of my position,or change nothing at all.Interested to hear others thoughts on this.

I set up a dedicated business account that ideally would (if I cared) handle any tenant interactions.

Most will only remember how crime-ridden the neighborhood was and will not be coming back in a hurry.

We avoid this in Riverside by not playing in the MLS, but if you are going to play in the MLS, remember that you need to tailor your offer to the property to maximize results.

Just remember behind every bank there is an investor and there are different loan types.

This situation could be ideal for me.Has anyone had any luck finding lenders that will do this kind of loan?