Outcome: Determine the county where the property is located.3.

In the area, we determined that the it would be a good mid term rental and started marketing it as a furnished rental especially with some of the construction and events going on throughout the year.

But before that, I want to know what is a good way to determine my purchasing power.

My biggest struggle right now is determining whether to buy a house outright with my HELOC and then refinance it in hopefully 6-12 months or do I use a smaller part of my HELOC for a down payment and try to get a traditional loan for the rest of the payment?

You're going to want to start by checking with local zoning and planning to determine is the home can become residential assisted living.

All long-term income characteristics are determined by the city.

Determine the rent you need to cover your expenses and then add the desired cashflow. 2.

If it's a tenant obligation, you aren't (unless your state laws still obligate you :)Verify with the locksmith the cause of the defect (if possible to determine) and the cost of the service. 

Both GC's work on distressed properties so are hedging playing it safe as I just asked them for budgetary numbers to help determine if I should do this deal or not.I do have 10%+ in cash reserves already.

However I recommend speaking with your accountant/tax advisor before making this determination as this may differ depending on the individual and their objectives.