In the process, I found some banks that will do HELOCs on investment properties, some local some not: ESB BankFifth Third BankHuntingdon BamkTD Bank Wells FargoAlso Dollar Bank and S&T Bank were very willing to do a refi on investment property and saavy on it, so I'd be surprised if they wouldn't do a HELOC on it. 

To my surprise, if I don't sell but improve and rent them, I have a very nice income, before taxes.  

To my surprise, if I don't sell but improve and rent them, I have a very nice income, before taxes.

And then they approved the tenant to move in next week.When I heard that they had already approved the tenant, I was a little surprised. 

You can find more in depth info on prohibited transactions and disqualified persons here.http://www.irs.gov/Retirement-Plans/Retirement-Pla...It's a surprisingly concise overview on the whole topic.Hopefully that helpsAdam

Don't be surprised if they know good and well they have a good deal and just want to keep it that way.  

I've heard horror stories about mold removal and how costly it can be, I would get a quote during your inspection period if your offer is accepted so there are no surprises.

I found it rarely easy to build rapport with sellers and get on their level.Something that surprised me?

This surprised a very mystified probate seminar guy Jim Banks who had invited me to lunch.

Lower crime area surprisingly.