Not that I don’t enjoy dealing with tenants, maintenance, lawn care, Home Depot and Lowe’s trips and tenant change overs (I recently put new carpets, kitchen floor, appliances, vanity and mirror in the bathroom and fresh paint in my upstairs unit).

Foreclosures ar near all time lows.

Hard to give up such a low mortgage rate, but in the end that's small potatoes compared to potential OOS problems.  

Hey @Brett RiemensniderThere are a TON of banks/credit unions that will offer as low as Prime on a heloc on your primary residence.

Prices are low and they hit the bottom during the real estate crash.

However, at $105 per SF seems very low.

It certainly seems like it would have really low "yes" responses, but it only takes one.

Bad customer service (from the partners), unprofessional client information management, ridiculously long underwriting, and I’ll add this..a low-key throwing of their loan officer under the bus for information “he did not know” or “must have been mistaken” about.

And like many other cities, vacancy rates are still low, lots of demand for housing of all types.  

If you are going to be an owner-occupant, want a low down payment, and are planning to do a renovation, the FHA 203k and Fannie May Homestyle loans are your best optionsHow do you know the property is currently upside down on the mortgage?