Depending on where you are in the process too the closing attorney would need more time invested in updating the HUD. 

@Eli M.Well - a few considerations.This will depend on your deals. 

Depending on the duration of your tenant, you can calculate the amount of extra money needed to set aside for this expense.

There are a million calls from unqualified tire kickers that will try to waste time, schedule appointments and not show, ask for applications and never return them, etc. . .It will depend on the area and the market and the price and value compared to the market of course -- that's my experience in 'A' and 'B' neighborhoods.My last unit, I tried to push the market and got no qualified applicants -- 10 days later dropped the price by 4% ($50), and got 3 qualified applicants in the next week.

@Kashif Riaz depending on how you set Podio up it can be a help or a hinderance.

Will depend on your numbers in that regard....

Thanks  Refinances have traditionally been anywhere from 30% to 80% of a given firm's business, depending on the firm.

Depending on what you're using the LOC for, there are different options. 

It just depends why and for what purpose you want the property as to whether or not it is a good deal.

A lease option can be nullified pretty easily depending on the wording.Last thing, make sure you do this deal through an attorney if you decide to follow through.