As you can imagine, most claim reps will claim all of the damage was normal wear and tear.Good tenant screening is probably your best risk mitigation in this instance.

and your volume.. for a volume rehabber who is selling retail in a west coast market for instance Like ours in Portlandia were your average sales price is 500k.. that's a 10 t o 14k savings on each and every flip you do and when you buy depending on how you source you save those dollars going into it.. margins are razor thin.. many times commissions on these higher end homes exceed the profit of the flipper taking all the risk. 

For instance, he owes $150,000 and you are willing to pay him $175,000.

I’m glad to count rental income or whatever income is allowing a retired person to be retired but in this instance the person has no job but has money to move, start school and find employment comfortably without needing to get a job right away.

Is there any instance where the HELOC could be leveraged to my advantage?

For instance, getting rid liabilities you dont need like cable, an expensive car, iTunes, etc.

I, for instance, am very much a local investor, which is the traditional way of mom and pop DIY landlording, which is the kind of real estate investing that I have chosen to do.

Because in this instance if you refi at 75% you can pull out $90k and you only have $82k invested.

This site is awesome but it doesn't always set the proper expectations for those living in the hot markets.For instance, on market right now, I see maybe three stand-alone homes with at least 3 beds and 2 baths in the Denver area, and they are all either mobile homes or have major foundation issues.

It is your job as an investor to be the creative solution finder you are and be empathetic without being a charity.Well then you don't really understand Cancer.. some lingers.. for instance I am a survivor I don't feel like one..