I mean I still have to do some figuring rehab wise, and maybe go back there and see it again for measurements, approx. number of cabinets, countertops etc..Real Estate agent says he's showing it this weekend to 4 or 5 more people.

Banks have gotten wise, so, the lender would have looked at your combined income and the new and existing payments, and only OK'ed it if you could handle both with no income.

Rich,I received updated info and the occupancy is not what they said percentage wise, but the current income looks like it does cover the OE.I will email you what I have.

So I would say that the wise parks allow in investors.No why do I pay the lot rent?

Just make sure you make wise investment decisions as your ability to pay the HELOC interest is dependent upon the investments you make.

It would be a wise move for a starter.

A very wise investor in this forum told me to never give out the address unless you're under contract and, luckily, I am.

A very wise investor told me, never disclose the addy or let anyone take a look unless you have the property under contract.

I think you're making a wise decision.

Lenders are wise to this "seller second as down payment" deal, and will not allow it. 6% max seller contribution.