@Anthony Capwell  If you are going through a regulated banking entity or credit union the LOC will be structured as a normal line, where you can draw as your please for any use at any point.  

@Landon Lee a good thing to learn are the rules of thumb1% rule2% rule50% ruleThey drill them on the podcasts all the time and they are good starting points.BP has a really good rental property calculator that draws up charts and that stuff.

Without a doubt, similar to what Teri said, your governing documents will need to mimic any state condominium law and with that said, have an *association* attorney draw up the governing documents.

HEloan will draw all of the equity out immediately for the full amount and you will have to pay it back monthly regardless if you are flipping a property or not.

Called the draw period. 

Some banks will require you to pull the repair money in draws contingent upon inspection and others will simply give you the money.

Because Joe is an S-Corp, his net profit can be taken out and given to him as a distribution (sometimes called a draw or dividend as well).

Lesss desirable areas will have less liquidity and thus better opportunities to buy off market like PG county.Depending where you are from our price points may seem high, but when you factor in the higher salaries people draw in these markets, the housing prices are not all that unreasonable.

On a separate sheet of paper, draw a network diagram.

You were fortunate, Deepika, to draw such a qualified contributor right off, instead of folks that kind heard of one of these situations and debated about it forever.Just don't confuse a lease with option as a sale and it will be clearer to you.