Should I borrow against my home?

They run the numbers & if the cost to renovate exceeds ARV they have no choice but to pass.  

Not because I dont think you can be successful, but because your ability to borrow money becomes infinitely harder once you leave that W2 job.

Talk to a couple lenders to see what you would qualify to borrow.

I googled it and found a number of them locally but am curious if anyone has worked with one, (either has a lender or borrower) that you would recommend.  

@Mel WyattMF is very hot right now primarily because housing costs are so high and folks have no choice but to rent.

The deal I am looking at the borrower lived in NYC, but was service at the property in CA.

I used the following to make my down payment: a.Cash saved in the 2 or 3 months between my girl friend and meb.Personal loan from the bank at I think some 15% interestc.Cash from credit card – something I will never do again but I had no other choice at that time11 days before my birthday I walked into my new house – my own house!

For example I have found more than one site with multiple notes that predate the most recent transfer of the property--the borrower and the property owner do not match and in some cases the borrower has not owned the property for a couple of years. 

In regards to buying liens on properties I have bought properties with IRS liens on it and the borrower is underwater - you send the IRS the form and they allow the property to be sold.