@Marc Henderson   what you describe above is what a good HML will do for you.. and it depends on what parts of the country your in...

If I were to cross collateralize a couple properties with the deal, then maybe I'd consider going into second on some of the other properties (assuming there's enough equity).

–Michael JordanYou can never cross the ocean until you have the courage to lose sight of the shore.

–Michael JordanYou can never cross the ocean until you have the courage to lose sight of the shore.

We self-manage and therefore focus on class A properties that we can manage all over the country.

9/25/2014Sean ..thanks for the post and for serving our country .....If you need any help on any loan/ financing  questions feel free to email or call me Dave Skow  - Eagle Home Mortgage 206 714 [email protected]  www.eaglehomemortgage.com/daveskow

REIA in MSContact Person: Scott BrittonMeeting Location: Colonial Country ClubMeeting Address: 5635 Old Canton RdCity, State Zip: Jackson, Mississippi 39211Meeting Time: Every Thursday @ NoonPhone Number: 601-212-8471Fax Number: 601-829-1912Website: www.RealEstateSuccess.comEmail: [email protected].

Up or down the coast (Mendocino / Humbolt / Santa Cruz/ Monterey) and maybe into Tahoe or the Gold Country (Calaveras / Amador / El Dorado / Placer / Nevada / Sierra / Yuba)  but the price would have to be super right for these - for vacation rentals... 

Not every area of the country allows you to get "2% rule" deals. 

We self-manage and therefore focus on class A properties that we can manage all over the country.