Conventional investment purchases (non-owner occupied) require 25% down for 2-4 unit properties.2.

I'm looking to obtain a HELOC on a non-owner occupied property in Virginia.

The couple sued (and lost), thinking the words in the paperwork had meant a non-contaminated well.

I understand it’s difficult to sue an LLC, however due to multiple late payments, non payments and bouncing checks from issued by the companyover the past year I strongly believe the company was using rental funds collected from my property for other interests as they could not regularly pay me. 

An eviction filed on non-payment requires a different process and paperwork (5 day notice to pay). 

Regardless of my interpretation, here's answers to your other questionsWays to find rentersLocal property managersFacebookCraigslistZillowRealtorThe execution of the lease option works as followsGet a well written lease option contract from a lawyerHave the renter fill it out and pay you your non-refundable "lease option fee"Determine the length of time the lease option is good for. 

@Cesar Chin You can only get a HELOC for 90% of LTV if you are owner occupied and 65-70% LTV for non-owner occupied.

If you wouldn’t want to live there yourself then keep looking because even though it looks good on paper the cheap properties with non stop tenant issues is what is going to make you want to sell within a year... which you then can’t do because the property hasn’t appreciated at all ha.Worcester has a ton of great areas for a bit more money!

If using a lender this is a non issue.

Do you advise having my real estate agent verbally make these to the seller and then we put whichever in writing they prefer?