Go a couple times and look for repeat buyers.

Below are some quick tips about cash out refi vs HELOC/LOCCash out Pros-tax free money-low interest rate-fixed monthly payments unless you choose a variable productCash out Cons-closing costs (couple thousand)HELOC/LOC Pros-tax free -its a line of credit, hence you can use pay back then use again-usually NO closing costs on residential Helocs; there will be closing costs on commericial LOCs-commericial LOC is very fast moving as far as getting funding and refinancing  (Makes it easy to rinse and repeat)HELOC/LOC Cons-higher interest rate-variable rates-monthly payments depend on amount borrowedHope this helps,CB

My criteria is a multi-family property with the intent to buy and hold for cash flow. 

We will list property for sale/turnkey rental but will also hold as a rental if it doesn't sell.  

My plan honestly for this property/Land was to purchase and hold for about a year or less, and as it appreciates, put it back on the market for $300K plus.

My plan honestly for this property/Land was to purchase and hold for about a year or less, and as it appreciates, put it back on the market for $300K plus.

They don't hold up too well to hurricanes either, and if you're near the water in Ft.

Because title has transferred foreclosure is the remedy for default.Contract for Deed or Land Contract where the seller continues to hold title but finances the sale until the entire amount is paid off much like a car loan.  

The rental has a mortgage and while I did find an article that spoke of not violating this clause since the property is not changing ownership, I'd like to find out some more about it before taking steps.This is the web site where I first found statements eluding to the implications of the due of sale (still researching):http://www.creonline.com/beat-the-due-on-sale-clau...This is about 3/4 of the way down the page under Enter the land trust "The trustee holds title for the benefit of the grantor.

I'm also interested in REOs and distressed properties but I mainly like to hold the properties as rentals.