Basically a HML is another way to obtain a loan, just like how you finance your properties with a bank / mortgage broker.Most of them will finance repairs and acquisition.

I'm trying to find out more about a foreclosed property where the owner listed is "U S BANK TRUST N A TRUSTEE."

You say the market’s hot, what about considering:1 taking the bank’s option to Convert to a 30 year fixed term, with maybe piti of $500/ monthly (See if they will lend you 75% of the appraised value OR use the purchase price Plus a detailed list of your costs and repairs) , and then2 selling on contract or lease option at full market price+, ie $119,000 possibly on terms.Look for 10% or more down and finance them as long as your loan is for.This would recoup your initial investment, $12,000+ and costs plus profits And give you passive income of what $200-250+ net monthly?

Im in a position were i can live rent free for a while, could bank around $30k this time next year.

3) Can I deduct real estate investing expenses/trips considering I do not have business bank accounts, have no legal entities setup, and I have a tech office job (I spend the majority of my week on my tech office job)?

I did some investigating here at a local bank and I do not have enough equity in my rental home yet to be able to use it as collateral.

It may be easier to act like a bank offering some people a financier with a lease option  and make them your typical lease people because they  want they want home ownership someday and become an owner but they did not previously qualify for with a loan from the Bank. 

I never ever pay above 65% ARV minus repairs.  80% of my leads are free from SEO, and the other 20% comes from referrals, Bank REO's, or Auctions. 

hey everyone i went to the bank and applied for a loan to see what happens and i was approved for 150k what would be the best move for me as i have never bought realestate before and have income only from my business.

What I'm wondering is if there's a way I could help her with getting out of the property buy either buy it myself with out having to go thru the bank.