Esp when they have friends stay over.I installed a 2nd bathroom in the older daughters (expanded) walk-in closet just to avoid the shared bathroom drama.With today's mtg rates & the opportunity of packaging your home in the sale of the less appealing/adjoining properties I wouldn't think twice.

Okay, they may not tell you everything, loans are financial products and are sold to qualified customers much like insurance.Some HELOCs may be called or adjusted if;You miss a payment(s)You take bankruptcyYour credit has a significant changeYour home value decreasesYou have an insured loss (small fire for example)Taxes are not paidInsurance lapsesThe lender's underwriting requirements changeA HELOC is a line of credit, a promise to advance funds in the future subject to the conditions that existed at the time of the commitment was given remain the same.You can avoid many of the advancing issues by taking the full amount available up front when it's made.

If just one, you're a transactional broker, not a leasing agent, and you can't advise on either side, you simply facilitate the deal, brokers have ethical issues with this in putting someone in an installment contract and not being able to advise and additional liability.If someone puts a chunck down for an option and they can't get financing, say at the end of 2 years due to problems that should have been avoided, the broker becomes an easy target as well as the agent.I like options, the key to doing them successfully is knowing how to get the buyer financed at the end, not just putting them in a house, the deal is not done until title changes hands.

Prefer to avoid "institutionalized" big brokerage type agents.

Thats typically the easiest way around that.Keep in mind that the financing doesn't have to come from the same bank that you got the pre-approval letter from.So if you go get yourself a pre-approval letter from BofA, you can avoid the headache and hassle.

(I avoid single member LLC ownership as I feel they are more vulnerable if they are simply an extension of yourself).However, if I didn't have the mortgage note fully documented & duly recorded etc the IRS auditor was reluctant to allow the expense.The later is also good practice if you are using the mortgage to strip the equity to protect the asset.

But there were damages because of a dog & he left us a $525 water bill & the lease was specific about 60 days written notice.I approached her to track him down for payment but he had moved in with another woman (2 miles from our home) & was working off the books to avoid child support & their health care payments.

Your advice is appreciated, I agree a Real Estate agent can defiantly help guide people in the right direction of home upgrades so you avoid spending thousands on renovations, if our home was bought at a discount for example a FLIP I would be more willing to invest in upgrades but the home was purchased as a foreclosure in a high market and is in pretty good condition as is, Thanks for your advice!

Cats on the other hand we avoid (their urine smells and stains) I should note that we do not have carpet in any unit We have no weight restrictions and our insurance does not change as long as they aren't certain breeds.

I'm trying to avoid paying SE taxes since I am not actively managing/working at these projects.