If you have good credit above 740 and have 25%-30% to put down it’s really not a difficult loan process. 8 Units typically will offer a 1.25% DSCR ratio which is required in most cases but the approval is going to be based on the rents.

I’ve found 3 local credit unions and two other banks my real estate agent recommended. 

We just got back from visiting the area and have decided that we want to buy in Bradenton, FL since that area seems to fit us best and our future needs while also still being within our current price range (<$450k).I have already listened and watched many BP webinars and podcasts and am about to purchase David’s book, start with strategy since I feel that’s the best next step for me and my husband to get our plan onto paper and to solidify our thoughts together (all while still saving money of course!).

😅😂  Just kidding of course, looks good!

If you told the bank you were using the HELOC money to buy a rental they wouldn't give you the line of credit because there are way to many inherent risks. 

This makes managing my 9 listings very easy to do by myself (with a good team of cleaners/handyman of course). 

Of course it is a personal decision for each investor to make, but personally I think it is a really stupid idea. 

Advise them they can, of course, redeem, which would avoid the lawsuit, or they can simply move out and/or get all of Dad's stuff out and sign a release.

Of course, if you can find an agent that doesn't care about their time and will allow you to waste it - go right ahead and take advantage of their ignorance:)

If the heat isn't above the legally required temperature they might declare the unit uninhabitable and boot the tenant out until the situation is rectified (which will of course be a day later when they can come back and verify the temperature is back to normal).