And I'm pretty sure you didn't keep them assuming you purchased pre 2009.

I am a property manager and short term rental investor in Savannah, GA.

A heloc is an open end mortgage or in simple terms its a high risk credit line similar to a credit card that sits in 2nd lien position adding another trade line to your credit and reducing DTI.Just like a credit card if you ever miss a payment on any debts on credit or if your scores drop unexpectedly they bank can close or reduce your line of credit.

It is also more problematic to enforce the lease terms as to the tenant when the sub-tenant is the one in violation.

Hi All, Looking for a little advice here in terms of next steps and strategy.

-chapter 7 would help me a lot in the short term.

The lease agreement clearly states that the "Security Deposit", and not "Damage Deposit", does not have to be returned to the tenant if all the terms of the agreement are not met.

Hi, Are downtown condos a good medium to long term investment option? 

Bought it because the location, price, and other qualities made it stand out as a great property to have a long-term rental when I leave the area.That day is coming soon.

This is not the same as a conventional loan where estimates are many pages, sent before day three, resent when you lock, and again before closing to protect a consumer who probably only does a mortgage loan a couple times in their life.Hard money and business purpose loans send an email term sheet which generally tells you the rate and points which can change after the appraisal and details become real.