Two of the common areas of concern for HELOCs I see out there is the 10 year maturity date and the adjustable rate.

Is it a common practice for the property mgr to NOT be in attendance when a loan appraiser does a walk-through of a rented property?

Luckily I have a very valuable PM I've found through trial and error.

Another good thing about this market is you don't have to deal with frozen pipes that burst, a common issue in colder markets!

Some other costs you need to consider which are commonly missed from turnkey proformas - turnover/rent ready costs, "hidden" property manager costs, closing costs, and lawn care/utilities/pest control/hazard insurance (if applicable).

@Nate Lee In a normal real estate market or even a buyer's market, FHA loans (203b & 203k) are very commonly accepted. 

@Dawn Walker while no and low-money down strategies can work, they also leave you very little room for error if you run into a problem.

If you are absolutely set on fixing & flipping, yeah, it honestly sound really sexy but let me tell you...they can get real ugly real fast if you're not managing the contractors & supplies well, staying on top of timelines, and running your numbers with significant room for error. 

I hear your frustration, but having worked in customer facing roles for most of my career, it is very common for people to go radio silent.

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