A) REOs are Foreclosures.B) I will assume you meant PRE-Foreclosures (before they become bank owned).   

@Andrew MichaelI meant to address you by your first name, not your last.

If you want to be a freelance writer, don't let a stranger on the Internet (no hate, I know he meant well), but who doesn't even know what your writing looks like tell you it isn't a "real job" and to go pursue a W-2 job.

@Beau Pearson Her deposit is meant for unpaid rents and any damages the tenant has caused during her stay. 

"A New Year’s banger at an Ohio Airbnb, meant to be the party to kick off 2018, turned into a nightmare when the host lost control and police officers from five departments were forced to shut down the celebration while 200 party goers trashed the residence."

These loans are meant for short term projects like a fix and flip.

Hi @James Canoy,I do agree with @Tom Gimer in that you are over thinking itI'm not sure if you meant that the subject was owned by the bank and the neighbor was as well.... or that the other side neighbor and the subjects neighbor was as well. 

I meant to post this link, but forgot.....

When you get the HELOC combined with the 150k from SDIRA, you have about 400k, so you might start thinking are you able to do more with that capital even if it meant you wait for a little to learn about, say, larger multifamily.

@Dave Foster I meant the interest expense on said cash out against future rental income.