This provides a bit of am obstacle in the lending world because the income is not guaranteed in the way W2/salaried individual’s income is.

-- I let him know what I was going for and he critiqued and provided positive feedback of why not consider doing X,Y,Z.We are meeting up again on Tuesday for lunch and I'm compiling a list of Questions, both to get feedback and I want to put together a list of questions anyone would want to ask if they were a new investor getting into real estate.Now I have a basic list of questions to ask, but because I've never really thought/considered/known much about RE I don't know what to really ask, any seasoned investors remember their beginning and some questions you wish you had asked or learned of before jumping on your first deal?

We recently got two 80%LTV 1st position HELOCS at 5% through America First Cred Union on a couple rentals.

Mortgage + property tax + HOA is ~$1900 per month so cash flow is definitely positive if I rent it out. 

Here is my situation - I own 2 properties outright that are positive cash flowing right now and I tried borrowing or COR one.

Also, because it is THEIR home, you do not have the greatest position, as if they sell and run, you may be left high and dry. 

I'm looking for creative ways to be involved and add value to the relationship, but have no experience in commercial property or this position in the deal. 

Just got back from work & I’m floored by all the positive responses!

Sell it, take the money you made from it and go buy rental properties that create positive cash flow in markets that make sense (i.e. rent to purchase ratio's at or equal to 1%).

I then called around to local banks in the area, they put me through to the commercial lending department, and they were able to provide the remaining rehab financing and some cash out (they paid off the original owner finance too and took 1st position).I didn't have a ton of experience but good income and credit.