Taking him off the mortgage doesn’t take away his equity. 

Would it be a good idea to take a deposit to secure the deal until the rule clears?

Quote from @Christina Venegas: Quote from @Dominic Mazzarella: Quote from @Christina Venegas: is it possible to do HELOC on a primary home that was purchased 6 months ago with 5% of down payment, the property was $145k and it was appraised at that time for $160k. i need advice from investors and lenders, if anybody knows some lenders that could help me I would really appreciate it, thanks for taking your time to respondIt’s definitely possible to get a HELOC on a primary home, but most lenders have a seasoning periods which are typically 6-12 months after purchase before they’ll allow it.

We have a cleaning crew willing to discuss ideas about cleaning the hot tub after each stay, but she cannot do anything with chemicals due to insurance coverage and she is likely not able to stay long enough for the hot tub to be drained as it takes awhile.

Will it actually only take 10 days, or potentially month(s)?

Thanks for taking a look.Yes.

If a property goes into foreclosure on a second, as Ken said you will either be buying it subject to the first mortgage - meaning it's your mortgage now - or the first has to be satisfied to take possession of the property - or the owner of the first is going to be there bidding what they are owed, so you would need to outbid them to get the property and then you are the person paying off the first mortgage. 

Would you choose a different market, build a better team, or take another approach?

It takes money to make money.

. - When we've review these options with clients the ending outcome is typically that it's easier to forgo the 121 exclusion if you want to keep this property; and do a cash-out refinance (taking on more debt isn't taxable) instead.