Your attorney is correct, and the bank is not obligated to say no, my bet is that they actually said no, as in no you can't do that, under them terms of the deed of trust.

HML's generally prefer loaning to entities since it helps avoid compliance, but this is a just business decision on their part.I agree that a HELOC from a bank is likely your safest and most cost effective bet.

Any investor should use extreme caution with interest only payments, as basically they are betting on appreciation and a falling market would hurt that plan.  

After reading these posts, it seems your best bet is to have everything spelled out in the lease and make sure they understand everything and make sure you walk through the property, explaining things to your tenants, asking them what kind of skill they have i.e. changing a chain on a toilet, shutting off water, changing light bulbs etc.  

Okay, I play;BP didn't exist on my first deal, the internet didn't exist, bag phones didn't much less cell phones, computers did exist, they were the size of a room and ran off punch cards, 0010011010010011100101,Josh and Brandon hadn't been born yet I'd bet, so my first deal can't really go to their credit.

Just watch it because I bet you the investor "bug" will bite you!

It could work as there a number of associations that publish current bench mark costs available via the web.

If you want instant buyers that are ready to go now, your best bet is to join a team that has an ISA.

I'd bet if you really add up the expenses it's not as good of an investment as it appears. 

You'll find his cookie-cutter-template seven-page Web 1.0 beta website for his obviously smallish company, GH Plumbing.