I know that even though this is my house and I like it, that I need to think about this as a business decision.

I must have poor intuition for this sort of thing, because it doesn't make sense to me why apartments would be seen as "normal" living spaces and mobile homes are often seen as trashy.

Many lenders can make such decisions and hold the loan in wholesale blocks to be sold at a later date.Among such professionals funded with this issue (current employment) has been a doctor, a lawyer, an engineer, a pilot and an FBI Agent.

Mold is typically due to poor air circulation and a lot of humidity.

Third phase was out of lending and fixing problems, like poor L/Os and CFDs done by sellers, that alone was about 750-800, that's not financing them.

The main problems you have with foundations is poor drainage, poorly compacted soils, expansive soils or some combination thereof.

George, just do the math to make the best decision for you here. if you do have the HELOC in place, the interest (although variable) is very low right now and you would have no fees since it is already in place.

And buying a rental is even worse, paying $500,000 to get $2,000 a month rent is a very poor return.

I'm fearful that the entire roof will need to be replaced including the trusses.More pictures of the attic with trusses.Here is a picture of the roof from the outside, where you can see a noticeable "sag" in the roof, which I fear is from the poor condition of the trusses.

Attended the Rich Dad Poor Dad 3 day seminar on real estate and realized this real estate stuff is interesting and that I wanted to learn more.