Is it unrealistic or are there really good deals out there that can be obtained thru the bank?

To this day, neither my father or I have changed our business practice of obtaining credit reports or background checks.

it has a clear title with no liens, etc. so i'm just asking for anyone's help in figuring out if i should go ahead and try to purchase, and if so, any tips on obtaining the funds...or if this really isn't a good deal and i should move on.Thank you all in advance for any comments/advice you share!

I obtained so much information in those three days that it was way overwhelming.

Just some more things to think about.Some of the draw to AR is the vacancy, the ability to purchase immediately without taping into other equity, and that cashflow looks like it would be easier to obtain (but we still have to do a little more research to confirm and it's dependent on the deal).

First thing that stood out to me was that some PM companies will charge you for obtaining new tenants.

In addition, you should include every reason you have for obtaining the HELOC, i.e. home improvement projects, cash on hand to purchase a vehicle, real estate investing, etc. 

This way once the permit is obtain you already have a contractor picked out.Building process.

I am about to contact a real estate lawyer to set up an LLC and obtain a business license. 

Now that I am learning more, I want to re-hab the property, bring its value up and then rent it, any suggestions on how to obtain financing to do this other than the conventional or traditional way?