My in laws lost their entire retirement savings because their underwriting was too aggressive and they bought several properties most of which ended up with negative cash flow.I am not against refinancing or using a HELOC to buy a property, but The market right now is a property will give you close to zero cash flow (80% down) then you’ll need to come up with another $750 a month to pay down the HELOC and come up with probably another 5-10k in reserves in case the furnace breaks or tenants trash your house or…   Without knowing your financially situation, You are probably better off getting a second job for a year or two to save up for a downpayment then using a Heloc.

My mom has no existing mortgage or any form of lien on this property.We accepted a seller financing offer, and are currently under the closing process.

They don't like assignments, so if you have a deal you'd likely have to close on it first.

I would start with a light rehab and go from there.

Just write it up like any other sale, its just that the closing date will be about a year out... 

Hi,I am a new investor and just closed on my first rental property.

As an individual, it is hard to open an efficient, responsible, profitable out of state network because as an individual you do not provide that much value for an agent or a contractor to run around and cater to you.But when you are part of a group that closed on over 4 million in real estate in six months and brought in over one million in local rehab dollars and put 50+ people to work and paid the city inspection office for all the permits, inspections, and reports then people cater you to. 

For a 1031 exchange which is only available for investment property  you must purchase at least as much as your net sale (contract price minus closing costs) and use all of the net cash to do that (net sale minus mortgage payoff). 

It mentions some of Arbor's clients and not in a positive light.

Happy to hear things are progressing, Hope it closes soon.