We moved back to become Managing Partners at her Mom's restaurant that was established in 1965!

Some people respect the energy and entrepreneurship of the young buyer/investor and are happy to help them acquire a nice rental that has been so good them all those years.

Most HELOC's are variable rate financing and terms cap around 15 or 20 years.Rather than ask us what is advisable, why don't you learn what makes a deal for you, establish some criteria for your own and decide if having rentals is a good investment model or perhaps another mode (buy/sell, lending, wholesaling, etc.).I'm always leery when people ask others to make their decisions or provide only generalized info.

I always start by approaching someone with respect and reason several times before taking the hard road out.

I am currently reviewing a direct mail campaign for this area and trying to establish if there is any interest.

I think I just repeated what you said above with respect to long-term appreciation and positive cashflow, etc.

I treated them with respect and not just a check and in return they rewarded me with stability.Just my two pesos.Big Henry

.- Establish reasonable fees prior to tenant move in for move in/out damage(we are townhouses style), administrative fees in maintaining tenant information.- Minimum of 12 month lease terms.- Can't rent a unit until a year after the sale agreement.- Can't own more then 3 units(144 units of condos and townhouses).

I do not know of any attorneys in FW but the 2 listed below are well respected investor-friendly RE attorneys in DFW:Gaylene Rogers Lonergan 214-503-7509Scott Horne 214-649-6080

You would need to see the actual note document to be sure about any particular loan, but the general terms are standarized:http://www.law.cornell.edu/uscode/text/12/1701j-3(d)Exemption of specified transfers or dispositionsWith respect to a real property loan secured by a lien on residential real property containing less than five dwelling units, including a lien on the stock allocated to a dwelling unit in a cooperative housing corporation, or on a residential manufactured home, a lender may not exercise its option pursuant to a due-on-sale clause upon—...(4) the granting of a leasehold interest of three years or less not containing an option to purchase;...This section gives a exception to the due on sale clause for a normal lease as long as it three years or less.