We've increased our financial independence moving to NC (lower cost of living and wife no longer works), but part of that means having slightly less income to cover economic shocks.The CA duplex is also really hampering our ability to finance additional properties.

However, the real "value" comes from the ability to take all of the cash you put into your REI out (so you have no cash in the deals anymore), but still own the property...and still get the cash flow every year from it.3 - You can invest the same money an infinite amount of times at the same time.4 - If the face value goes down on RE, it doesn't have to (and shouldn't) have any impact on the returns per year (cash flow). 

You'll have tax advantages, and the ability to grow your portfolio over time with this first investment. 

People in foreclosure are generally wanting to avoid talking to anyone that appears to be a bill collector, so dress casually. 

Ability to close quickly without inspection What was the outcome?

^^This is 100% illegal unless you are a licensed real estate broker.As discussed here, wholesaling is: Assigning a contract which you are a principle of, to another investor.I also agree that you must have the ability to close the deal yourself.

On most HELOC's you will have 10 years to use the cash as a credit card type basis, after 10 years, you can no longer draw on the line of credit and must payback the balance over the next 20 years.If you want to restore your ability to draw on the HELOC, just replace the HELOC with a new HELOC.

I am a little concerned about my tenants ability to move out on 4/1, but I'll cross that bridge when we get there. 

I don't have the ability to take over the whole loan myself by the way.What are some solutions that would 1.

I'm more interested in the terms, process, ability to close, etc for the lender.