The product is a first lien position, 30-year draw, home equity line of credit with a linked zero-balance sweep-checking account (terms vary slightly for homestead properties in Texas).

And there you are in luck because you can purchase any type of investment property anywhere in the country and defer all tax as long as you purchase at least as much as your net sale. and use all of your proceeds from the sale in the purchase. 

My focus is on providing either turnkey-style space for those interested in temporary, infrequent use or long-term leasing for business folks who require conference room space (or perhaps event space).

In particular know exactly what you negative equity position will be and how long it will take at conservative cash flow numbers (near 50% of rent going to expenses other than P&I).  

For investors looking to maximize returns while managing risk, here’s why this type of deal stands out compared to Treasuries.Treasuries: Safety with Limited UpsideTreasuries are an attractive option for those seeking safety, especially short-term bonds with maturities of one year or less.

What should I be aware of in terms of fees, timelines, and potential compliance issues?

Long-term, look into refinancing once property values increase to lower your interest rate or pull equity for your next investment.Good luck!

Performance is solid.

I would find a loan officer that does both conventional and FHA renovation loans to compare which has better rates and terms for your situation.

@Keith Angell What are your long term goals?