You also can only obtain a few properties rather then numerous properties because you use up your debt-to-income ration.Your friend also says it's bad for the local economy for investors to come in.

I live just outside of Orlando, and I pass numerous vacant houses each day.

Here is a numeric example to illustrate what I am trying to achieve:purchase price + rehab: $100K = $20K cash + $80K from HELOCARV: $133Kcashout refinance 75% of ARV: $100K goes pay off HELOC and keep $20K cashThanksNick

@Lora Hish for numerous reasons the property needs to be owned by an LLC.

Others fall into the category of unauthorized occupants.

I have done this numerous times with loans for operating capital, or loans where individuals did not want their funds returned after the sale of a specific property.If you have a different free and clear property, you could secure their loan with that, or any property with substantial equity, could even be your personal residence.

While I don't think your intent was to bash on us and I agree with a lot of the comments you made I've had numerous renters whom have made me cry because they got the house they wanted and wanted to thank us for giving them a chance.

A fair number of insurance companies are handling the "dangerous dog" categories quite simply by not covering ANY breed of dog.We don't allow puppies (ANY puppies) because there's a reason puppies are just so darn cute....they have to be because they're so darn destructive!!

IRA providers can be put into three separate categories: Custodians, Administrators, and Facilitators.Custodians are the first type of company, and are usually the most common.

Typically those purchases fall under one of the following categories.1) Purchased through direct mail or some other from of direct contact with seller and never hit the MLS2) Pocket listing where agent never exposed property to MLS3) Short sale (there were a lot more of these a couple years ago)4) Complex title issues, bad tenants, and other impediments that scare off most buyers5) Some sort of shady deal where property hits MLS and goes on hold right away, often somebody is greasing somebody in these situations and #3 above is closely related to this as well.Unless you are lending on properties out here I do not think the market dynamics here are relevant to Illinois and would not suggest making your lending decisions based on transactions that take place here.