It'll likely take us a few years to get it complete, but we'll hopefully get the rented portions ready early next year.We were originally looking at Market St. properties, but the ROI was quite low and the buy-in has gotten crazy over the past 5-8 years.

I’m basically getting all my money out of it to pay the HELOC off but ran into some issues with ratios because of my wife's student loans so a portion of the cash out needs to be allocated to pay off one of her loans which is fine by me!

That way we have a portion or all of the income guaranteed, we know we will pass inspection, and we have mitigated some of the risk that comes with the area.There is a lot more too it but.. in general understanding risk is a big part of investing. 

So even if the homeowner worked out a deal (not negotiate down) to bring Heloc current (not paying entire balance due, just the portion in arrears plus all late fees and interest), could Heloc lender (2nd) still call the loan due once a subj to sale takes place? 

If you're referring to the statewide law (AB1482) that went into effect January 1st, yes - the rent cap portion of the law applies to month to month tenants as well as those with leases over one year. 

They may close it down and you wouldn't be able to use the untapped portion, though.Using a HELOC to buy cash and then refinancing to pay back (most) of the HELOC is a well worn strategy.

I appreciate your ideas on this process This is the relevant portion of the article about the eviction moratorium posted on Tucson.com By Capitol Media Services Mar 25, 2020 Howard Fischer Arizona renters affected by COVID-19 will not be in danger of losing their homes, at least through July 23.Gov.

As of now, the portion of the bids to remove the wall seem reasonable but we will see.

I have plans for the 2nd portion of the building, but this leads me to our discussion as to what I'm going to do with the 3rd part of the building, the garage.I live in a lake town, so there is a really large demand for 24/7 package pickup in this community.

I've recently taken the in-class portion of the requirements to become a Real Estate Broker here in Illinois; I was literally in class the week the World quarantined.