I'm still doing my diligence on them so, again, not recommending them at this point but they are San Diego based and tend to loan on San Diego residences.

This will be a primary residence home and the ARV should be around $150,000.

This is my first post and I thank you in advance for sharing your expertise.I currently have a real estate perdicament for which I could use some advice and I expect that my experience is a relatively common one.I currently own a 3bd/2ba SFR in Oklahoma City (OKC) which I purchased as my primary residence in February 2016.

Therefore, we do not have a primary residence where we can get a HELOC.We were planning to purchase a rental and take out a HELOC on it, but have been unable to find a lender willing to offer it on investment properties.

Take the equity and use it for a rental in another location and use your vacation for your primary residence.

Looking at purchase of an unoccupied distressed residence in Texas. 

How does the trust establish residency in a zero tax state like say FL so as to make the trust assets last longer for the beneficiary?

I'm looking for one for an investment property and not my principal residence.

Now if I am able to reduce the expenses to say 50%, by replacing resident management and staff with external property management, the property will cash flow nicely.However here lies the rub: in order to maintain the Section 8 subsidies there is apparently a budget which gets submitted to the Dept. of Housing and Urban Development (HUD), which accounts for all these expenses in their calculation of the Section 8 subsidies.

I will be renting this one out, so it's not going to be used as a primary residence at all.