When inquiring with the bank or credit union regarding their equity LOC product I would first ascertain how they allow the property be titled (individual, revocable trust) before even initiating an application. 

The obvious watch outs: don’t get emotional, don’t be influenced by the auctioneer or other bidders.

I think it's a little weird now becasue I have to intentially watch what I say to people about money, because my brain is always like "how much was that?

@Eric B. 10% is a little extreme, that’s probably atypical but in this case the rent was $2,000/mo, there were over 30 qualified applicants that applied, and rents had gone up 10% in the area the previous year, so the big increase was a function of supply and demand.

- is it typical for the business owner to fill out application for themselves without any of the employees personal information? 

I have read several books and watched quite a few videos on investing.

When watching videos online and reading the books I have realized that during the analyzing of these deals they do not account for the rehab period during the process.

The only reason I am not pulling out of our place is that we put down 10,000 for new floors and applicances.1. wonder if anyone was ever in a similar situation and what they did or would do?

My flip sat for months and I slowly watched any hope of profit disappear.

@Allan Calderon If you are going to make an application for your primary residence and you are legally married then the spouse will  have to acknowledge the mortgage so they will be on title.