In probably less than two years, you will likely be in a position to refi, combine with the savings you have generated over this time, move out and repeat and have a great performing asset on your hands. 

Betting on appreciation is like gambling in my opinion.  

I recently purchased a performing first which has an outstanding HOA lien attached. 

I'll bet your current interest rate is much lower than what they are offering you on the HELOC.

I agree with Mike, having a real estate attorney will most likely be your best bet.

So the place has to be in decent shape, which means you pay a little more.I use the 50 percent rule, which includes PM.I do self manage, so my numbers look closer to this without the pmPercentage of gross16.5 percent for taxes and insurance5 percent for vacancy10 percent for capex10 percent for repairsright around 40 percent give or take.Which is around 280 a month in cash flow.How is your indy properties performing?

I'll bet the real definition hinges on whether she holds sec. deps or rents, even if it's for one minute.

Quick question for you.I came true a flip deal, the numbers runs good, but they do not give me any option period.Should I go away or try to bet in a black box?

Sometimes landlords don't perform through background and credit checks before they decide to rent to them, so the next owner gets stuck with the problem.Perform your due diligence.

Should I just chalk it up to a lesson and smile with my 100g's or fight this cancel the contract and face specific performance which might mean still having to sell or face litigation?