Congratulations to you for taking all the steps to get to this point.Although I'm not in the DFW market, I am in the Milwaukee market which is also in a historically low inventory position.

There are mostly positives with HOA in terms of maintenance and development care that you don't have to worry about.

Have you seen positive results?

Quote from @V.G Jason: Hard pass on all the options above.If you're in Houston, I know a few there.

You want the agent to think of you positively and keep you in mind for the property.During these follow-ups, you can gently remind them of your previous offer and let them know you're still ready to move forward if anything changes on their end.

(Since they will actually be in a worse position then than not selling.) they should ask for 30% or more down, which will give them 20%. 10% of that might be required to sell again. 2) if you can earn 5% or more guaranteed in the bank, what would you require from a stranger where it will cost you 10% to take back the loan and resell to get your money back?

My question is, would I be able to open a HELOC on a second position lien if someone else (the seller) has their name on the 1st position lien mortgage? 

Thanks for your positive words! 

The best ways to find this are 1) See if your local NARPM (National Association of Residential Property Managers) has an attorney affiliate member. 2) Ask your local landlord and investor club members who they use. 3) If 1 and 2 are not options, go to your local court case lookup site and pull the cases for the third week of the month.

the other option i have is build a 3 car garage and out a one bedroom apartment on top that ill rent for about $1500 a month.The garage price would be about 100k to fo but could make 18k a year.The land is $130kWhat do you all think is the better strategy?