You then compare that to what the landlord has provided.This way, if there is a dispute down the line over how much security deposit they should get back, you have the tenants signature.

Should I use a home equity line of credit or an home equity loan to purchase a new rent home?

The tricks that Carl described, plus others I have seen, defy logic and sometimes walk the line of being legal - but they do sometimes manage to get past the policy of the day that the underwriter relies upon.

Bottom line, it will be done when it's done.

I am in south jersey and figure a 3-4 bedrm with 1-2 bath will rent for about 1500 in my area so that where I am getting my line of thought.

Got a LLC first then  a business checking account and line of credit all pretty quick and easy.  

I wanted to see if anyone has experience using a cash out refinance and a home equity line of credit? 

The HELOC appraisal came back at 156k and I was approved for a 40.8k line of credit.

I am way too good looking for prison. let your bankers help you with the Patriot act compliances then your good to go.. securities and other things are not germane to a out of country lender.. also there are special tax breaks that I can share with you off line if you set this up right.. that will make you look like a freaking hero to your off shore investors.. 

Hello,We are buying a house with sewer line issues found.