Object to any statement about repairs, poor service, whatever. 

You have $25K in acquisition on each of those and an interest payment of around $3K a year (the remainder of the mortgage is a return of principle to you paid by your tenant).  

So pretty good argument that these conditions would stick under the principle of freedom of contract, regardless of whether the property code would generally lead to a different outcome unless this is deemed contrary to public policy for grown-ups to agree to this (doubt it but maybe tenants are selectively handled under the case law roughly like children in the sense that the average tenant may be deemed by the courts as essentially lacking the capacity to agree to modifications of the security deposit conditions that may disadvantage them).Also, "Abandonment" is a defined term:(3) "Abandonment" occurs when all of the following occur:(a) all occupants have vacated the Property, in Landlord's reasonable judgment;(b) Tenant is in breach of this lease by not timely paying rent; and(c) Landlord has delivered written notice to Tenant, by affixing it to the inside of the main entry door or if the Landlord is prevented from entering the Property by affixing it to the outside of the main entry door, stating that Landlord considers the Property abandoned, and Tenant fails to respond to the affixed notice by the time required in the notice, which will not be less than 2 days from the date the notice is affixed to the main entry door.But as is occasionally the case in this lease, terms are defined but then used in a de-capitalized manner earlier or before, which permits the legalistic argument that the de-capitalized use of the term is broader.

(formula = (Market Rents per appraiser * 85%) > (Principle + Interest + Taxes + Insurance + PMI)An appraisal will need comp's similar to a property like this, which I believe will be tough to find and am concerned about not being able to get a loan because of it. (3) Are there ways around this?

These are not traditional mortgage notes, but the principle is the same. 

I'm looking to educate myself on real estate investing, with the objective of starting a real estate investing firm.

But why, besides getting a better credit score, wouldn't you just take the ammount of money you would have spent paying back your LOC loan, and just pay that directly to your principle each month, to avoid the interest rate you pay on the LOC.Ex: I take a $10000 LOC out and pay that towards the principle.

I don’t necessarily see a good basis for your brother and his counsel to object unless the appraised value is far too low.

I've found myself in a position where the issue the banks don't want to lend to me because of the number of mortgages I currently have (this is is what they are telling me at least). I know of some lenders that I coul...

An objective in such structured financing transactions is to insulate the property from the insolvency of the underlying beneficial owner.