I go with a $2500 deductible versus a $1000 (that would cost $2300/yr)A homeowners policy should be considerably cheaper.

Disposal of fluids can be done properly, it's when they aren't you can have an issue.Noise is another issue to be covered generally, so revving up an engine constantly (as if they think they know what they are doing as old hot roders did) can be a noise issue.My lease prevented the tenant from keeping any inoperable machinery on premises or parts thereof, which meant all vehicles, lawn mowers or any gadget had to be operable, vehicles had to be titled, licensed and insured.The outside had to be free of clutter, trash, salvage or personal property not designed specifically as lawn furniture or for outdoor cooking and such was to be stored from view from the street when not in use.Those types of covenants will take care of a vehicle on blocks or an engine sitting in the yard.I wouldn't say anything about some minor repair being made to a vehicle, where do you draw the line, changing a windshield wiper or adding fluids or pulling the transmission. so long as it's done in the day and operable, doesn't cause toxics to spill, doesn't produce unwanted annoying noises, isn't a safety issue, is kept clean and neat, what's the issue?

Dan,I anxiously await your next post/ update.Win Loose or Draw you have put yourself out there big time and I think that is a first step WIN.I get a sense of dread coming from you about not hitting your goals.

IMO you may have overestimated your competition, and not taken into consideration the entire market picture given what you were offering.No one stages where I am.

I can draw no clue from the index, where they have articles for ownership, improvement of common area, architectural control, ect.

I'm pretty new at this and my biggest fear is that some guy in an office 400 miles away is not going to let me draw on the rehab money as I need it.

i found a lender who would do a heloc on my rental property i own free and clear, not my primary residence...they will only go up to 50k and DTI is flexible (around 50% with top tier credit) with a 10 year draw and a 15 year repayment.how to they determine value?

The fact is, there are a lot of ways to draw money from these accounts that aren’t known to most people.

It's a beautiful thing because you can leverage at a usually low rate from a heloc or a cash out refi...your payments also usually don't go considerably up unless you are taking out a considerable amount.

Here are some great advantages for you the home seller....Usually top sales price for the property.Home Buyer pays us the Lease Purchase Advisor Company, not the Seller.Large market of available buyers at all times.Better quality tenants because these are really tenant/buyers.Higher rent than usual for the market area.Non-refundable option consideration (down payment)Seller remains on the deed - it's still the Home Seller's property until the option is exercised.Seller retains the tax shelter of an investment property, lots of write offs.Lease purchasing (rent-to-own) puts pre-qualified, reliable tenant/buyers in now-vacant properties.Stops the money hemorrhage of mortgage payments in the case of vacant properties or where a "tenant" may not be paying (it happens).No fees to pay (especially application fees, 6% Realtor commissions, closing costs seller's concessions, vacant house while selling costs, etc.).A competent accountant or tax attorney can file legitimate write-offs,deductions, exchanges and other mechanisms provided by law (for a rental property).Call Me Today, Brian Gibbons, for a free consultation, ONLY IF YOU ARE NOT SATISFIED WITH YOUR AGENT!