Then the agent says once it converted to rental near future, the loan officer can reduce the HELOC...

Do you have an office in my area? 

My current job is a W-2 office job but I plan to start and grow my Real Estate investment portfolio so that I can quit my full-time job in the upcoming years.

If it really weighs on you so much and you want to police the activities of your tenants, just honestly tell him that you're not comfortable and demand an explanation.

The information below was provided by a Loan Officer for my Closing Cost as the Buyer/Borrower and Title Company for the Seller's Closing Cost.Loan Information$185,000 = Loan Amount$9,250 = Conventional Loan Down Payment (5%)$4,980 = Estimated Closing Cost: (Processing Fees, Underwriting Fees, Appraisal, Appraisal Review Fee, Title Insurance Services, Settlement Fee, Administrative Fee, Courier Fee, Owner's Title Insurance, Lender's Title Insurance, Recording Fees, City/County/Stamps, & State Tax/Stamps)$2,120 = Estimated Prepaid/ Estimated Reserve Cost: (Daily Interest, Home Insurance, & Property Taxes)$16,350 = Total Cash at Closing from Borrower$1,000 = Estimated Monthly Mortgage Payment: (P&I, Hazard & Mortgage Insurance, & Real Estate Taxes)Seller Closing Cost$0 = Agents Commissions: (No REA involved in this transaction per Seller's request)$900 = Total Cash at Closing from Seller: (Estimated Doc.

U can my office and I'll try to help you NP.

One of my partners actually discovered the property on his way into the office.

Call your city real estate office and they will direct you on what you need to do.

@Srikanth RajA few things that will make your life and your loan officer's life easier on this:1.  

Stop by the new office in Natick when around.