Do not feel obligated to pay, especially when the assistance wasn't asked for.

@Lisa Alexander You should continue your search (perhaps broaden the area that you're searching in) and scrutinize/analyze the deals you find as best you can, interest rates continue to hover near all time lows which is great for buyers though the market is still hot and prices reflect that.

Eric,Most of us would say having some self education is very important in any area you are investing your money in.Using property management to assist you is a way to have someone, that knows the area you are looking to invest in, has access to contractors that are reliable, knows the local laws and frees up some of your time. 

Cities rather see you be proactive about the empty spaces rather than have it sit vacant as a poor reflection of the community. 

My bank assumed the $62,000 I owned on the note, and made available to me $50,500 on a $150,000 property.The thing I love about HELOCs is that they are valued based on the property, so they reflect your market.

Any assistance is greatly appreciated.

:Current Job: Loan Officer Assistant - Currently in courses/classes to obtain my license to become a license Loan Officer.

Thank you all for the assists!

If not, then you probably need assistance with the tax side of things.

The more I reflect back on it and knowing that he's a type A go-getter, I think when I said we were interested in investing he went ahead and just threw us in that bucket.As far as not closing any deals with him, we had only secured him as our agent because we were looking for a rental property for ourselves.