So, she offered me the opportunity to buy it, since her debt to income was to high, and she paid the down payment.

Especially in Connecticut, a state in 1 Billion dollars of debt, it's hard to imagine companies being excited about moving into the area.

You also have to consider a Heloc is a credit card a.k.a debt burden unlike a cash out refinance its a mortgage (One loan).

With that in mind I’m projecting 200-250k to fund a 25% down payment, closing costs, light rehab, and 6 months of debt service and opex as reserves.

So if you have a $1200 rental then that $600 before you place any debt.

Did GP sell to avoid being called by lender on personal guarantees under the mortgage debt?

I can see through DOM the contrast between those struggles and the lease ups of the better located single families in the area.I cant say with certainty this applies across the entire city but what’s known is the fact people are getting married and starting families later in life than in the past, young people have more debt than ever before thanks to student loans, the cost of buying ahome has never been higher & most  families decide to move to the suburbs when they have school aged children.

Refinanced into long term debt.

If an operator had debt locked in, who cares what the value is if you aren't selling.

We ask simply questions, like were they late, did they have lease violations, outstanding debt and would you lease to the tenant again.