This is typically frowned upon for SBA but is technically permissible as long as the unsecured lines payments can be made through outside income, I.e the spouses salary, investment real estate cash flow, etc.The big danger with this types of loans is many are on daily payment plans and many front load the interest.

It has come to my attention that there are two distinct routes to travel when seeking an agent in a small town. - Pick the agent who lives in the town and can generally help you with trends and market information-Or- -Pick an Agent from the local big city (In my case Fort Wayne) which has the advantage of having done more deals and knows more pitfalls of the deal process and what to look for to make it an even better deal.Which is better and why?

They know just enough to be dangerous to themselves. 

The county has two distinctions that determine the rules applied to your property.

@Scott ReignsIf we spend all our savings on that down payment, would it be too dangerous to rely on no vacancy since well only have my income coming in?

Also, it will be pretty much impossible to qualify a property that is a 4-bedroom SFR with multi-tenant rental income, you are much better off doing this as a duplex/triplex/quadruplex, living in one and having the tenants actually renting distinct units

I am very grateful to be part of this community.To clarify, I am in no danger of chasing their asking price.

You may not be able to get the full feel of the area with one visit.The one(s) that seem like moneymakers for you, maybe visit with no appointments two or three more times (not in the snow season) and just be a fly on the wall.Visit the grocery store parking lots and fast foods of the areas you like--see who is shopping, are their carts filled to the brim or is it small amounts of food--like they must eat out a lot.Stay in a (m)otel on the fringe of the area, eat on the restaurants the locals eat in (if they are not too dangerous).Go on line and watch their nightly local news, and read their local newspaper online.Talk to local Realtors about A, B C and D areas.Get the Feel for the place, for instance doing business in Chicago (in my opinion) is like falling off a log vs doing business in some other mid-western areas (the locals seem to make it easy and have good attitudes).Other areas the local governments make everything a PITA, with this inspection and that inspection, and local rules and regs as well as eviction feet dragging.

On one hand I think being that the unit is next to and above heated ones it will be OK, especially if the danger zone for pipes is 20 degrees and the temperatures look like they’ll be in the 30s for the week with only a few dips.

Was the government truthful about the efficacy of the Covid 19 vaccine and it's dangers?