@Rich Senyszyn that's Incredible... sounds like he was learning more about the guitar and less about fixing your place.

I used Amplify Credit Union to obtain my HELOC and it was a quick and easy process...about 2-3 weeks total.

The main thing is we absolutely do not miss the quarterly septic inspections and we have a guy for the well that can be here quickly if the pump stops for the well. 

Those lists probably change pretty quickly.

This process can take 1-3 months depending on how quickly they handle the request.

Can I scramble a quick investor insurance that can cover the house in case anything happen?

Make sure to do a quick google search -> Your City "County PRoperty Appraiser Site" -> then input the address and find out if the property was sold or not.

, maintenance (beyond what the HOA covers), and property management (if you ever decide to no longer self manage) - you may be losing more money than it initially appears.HOWEVER, the Beverly area is on fire right now, it is completely possible that property values will continue to climb quickly, and you could exit your condo in ~5yrs and make a nice profit (keep in mind you'll have paid closing costs once as a buyer, and once as a seller at this point, which will really eat into the profits if, say, you bought at $250k and sold for $300k - not a straight $50k profit, plus you had negative cashflow over the years too).So...

A quick look at the numbers, you are getting a FHA loan with little down.

Quick Numbers..Currently Invested:  $270,000Rehab: $210,000ARV: $580,000We are offering 10% cash on cash return to any money invested.