I found out yesterday the water bill was actually updated to my name back in July due to a error on my teams part.

The pendulum is in the exact opposite phase right now, for everything that didn't need to be verified at all in 2006, now it needs to be verified 3 different ways (80% of the paperwork required you actually didn't even see or provide because it was on the back end, a typical printed loan file is currently about 4 inches thick, compliance costs to originate a FNMA mortgage are about $4000 to $8000 depending on who you ask).

As you mentioned, heloc interest rates are actually less than your agreement because of the interest deductions.

Im just hoping it does because the numbers are looking good so far IMO. 2bed 1bath615 sq ft homeArv: $215,000Repairs: $35-$40k (that’s just from her sending me pics of the inside, and me looking from the outside) Initial offer: $80k I told her that the price is subject to change after an actual inspection of the home and we have a contractor run some accurate numbers on the rehab and I’m going to put it in the contract and she gladly agreed.

You may find a good deal, and a partner to help with the money, but you are still going to have to do your analysis to see if it's actually a "deal". 

I think the Wealth Club is doing a great jobhttps://thewealthclub.org/Good combination of teaching and people who are actually doing investing for a living

Now if you found something just extraordinarily out of order like all the plumbing in the house was actually faulty, or there was foundation damage, or something else that the average person would not be able to identify, then that's a perfectly good reason to utilize that clause or better yet, to try to renegotiate a price with the new information in hand.

The fact that it has not been rented out in years also causes reason for concern of the actual market.

Insurance is also a relationship business, so if you are also an insurance/ risk management professional or just dying to learn more about how exciting insurance is (it is actually a lot more interesting and complex than you think) CONNECT!

Now, I don't know your area, so I can't say if the criteria will actually get your place rented or not.