@Aaron Hale You need a quick moving realtor who can catch new things as they come up.

But here's the catch, the lot size of the property has to be at least 10K sqft . 

Some section 8 agencies will hold off paying the first month to catch up on all the necessities and make a larger payment second month.

Sounds like probably better off sticking out the W2 until I catch a little traction first.

They help you catch the big line items and generally keep you out of trouble.

.- You cant find a tenet- Your tenet stops paying rent- You have to evict a tenet- You have a capital expense or repair to your home- You have a capital expense or repair to your car- You lose your job or your income is decreased for any reason (medical or pregnancy)- You have a significant increase in property tax- Any of a number of other "meteor" events And to "balance" these risks your benefit is paying net less in housing costs. 

Since HELOCs have adjustable rates they will often catch people off guard when they adjust.

Obviously paying taxes at the end would certainly catch up to me.

You'll know what to look for and you'll catch when critical pieces of the offering are missing. 

The catch is that I also started an application to modify my mortgage while in the process of researching and applying for this HELOC.