The only problem is that you will now have a payment against it if you spend it (which you would on the down payment for property #2) and you will have difficulty (I think) refinancing property #1 in the future with a active HELOC on it.

Evenings and weekends is when there's the most activity in real estate.  

As of 11/24/2017 I do not know what the status of their current loan is or how behind it is, but looking for what options I would have as far as approach to buy the property pre foreclosure as they still actively live there and the property has been recently updated and in great shape as a turn key investment.

As of 11/24/2017 I do not know what the status of their current loan is or how behind it is, but looking for what options I would have as far as approach to buy the property pre foreclosure as they still actively live there and the property has been recently updated and in great shape as a turn key investment.

I am currently seeking fix and flip opportunities as well as developmental projects.

What he ended up doing after pondering on what to do is be more Pro-Active thinking on selecting who lives Upstairs and Downstairs..Typically families w Kids or pets he rented downstairs, young Professionals he rented Upstairs.

That would necessitate a different response than someone seeking the latter.

I'm new to BP and am starting some buy-and-hold investment activities in the North Atlanta Metro area.

A form a lawyer provided:FORM TO REQUEST AN ASSISTANCE ANIMALWe are committed to granting reasonable accommodations when necessary to afford persons with disabilities the equal opportunity to use and enjoy our rental properties.Under the Fair Housing Act, a person with a disability is defined as a person who has a physical or mental impairment that substantially limits one or more major life activities.

I'm an active healthcare provider, but looking to develop a reliable stream of passive income over the next 10 years.