Can I take out commercial equity line of credit on seller financed property?

Fred website shows vacancy rate was 11% in 09 and for those buying 5 caps assuming 5% vacancy, are betting on perfect conditions for their loan term.

@Sam Crochet Your best bet for a small deal like that will be a private lender. 

Do you have a full time job lined up after you graduate?

Either would go on your personal 1040 but the difference is on which line item.

The end of the rural water line is about a half mile away and they quoted me about $60k to run it the rest of the way to the house. 

Since I buy properties for less than 50K, HELOCs are the best bet for me.

The property is pier and beamSo here is the text message conversation about the plumbing issue :House Closing Date : October 8th 2017His message on October 18th :"During the plumbing test we discovered that your plumber did not vent all of the areas we discussed on amendment the sewer line is full of water.

Should I do a Line of Credit on one of the warehouses?

There may be liens or judgements against the property that will take time and money to get cleared up.Pros:Less competition than on listed properties and potentially more profit.Bottom line, I wouldn't recommend it for a beginner.