HELOCs are not designed to keep a balance on them (because of the variable rate and maturity date).  

Since I spend 15 hours of the day thinking about Real estate, it was time I got my wife involved in Real Estate :) and she really loves home decor so she took over all the designing of the house and picking out the material for the rehab.

Since I spend 15 hours of the day thinking about Real estate, it was time I got my wife involved in Real Estate :) and she really loves home decor so she took over all the designing of the house and picking out the material for the rehab.

FHA is more of a first time home buyer program or for someone who has had credit or other issues that may not fit conventional guide lines.It's an attractive program that offers a low down payment options but its not easy to get an FHA if you live in a superior home. 

That is such a great insight and response actually makes the most logical sense especially since we are trying to attract a good Section 8 tenant which would include those with special needs children. 

Here is an overview of the deal….100K View of THE DEAL:We own a multi-family lot valued at ~$45K We’ve completed a tri-plex design and current day construction cost is ~$373KI’ve studied and am comfortable with the economic outlook of the market we’re investing (e.g., population YoY growth, unemployment, median income growth, business anchors, etc.)

All - we are getting two of our investment properties refinanced, and the mortgage company has offered us an attractive rate as part of their investors program.

The home was for sale on 10 vacant lots and this attracted us.

The home was for sale on 10 vacant lots and this attracted us.

The person who should be designating what maintenance needs to be done, when, and by whom, is you.