She like the idea, but she was hesitant because she is not familiar with HELOCS. 

If you have any questions, don't hesitate to ask.

Just by those numbers it *sounds* like an okay deal, but nothing to jump out of your chair for, especially considering you seem a little hesitant with the numbers.

That's why people hesitate to buy in war zones, or homes with foundation problems.

If the numbers really work even after having to do repairs (sewer work can be quite expensive) I would not hesitate to ask for credit.

I would go for it with no hesitation. 

You can find and connect with other BP members that are in your area, here: http://www.biggerpockets.com/meet Please don't hesitate to reach out if you have any questions or clarifications.

@Daniel L GorgoneConsidering you guys are so close to retirement makes me hesitant to suggesting to access the funds from your retirement annuity.It appears that if you sell the Brooklyn condo and buy SC properties; you may potentially pay $37,500 in tax(assumed 100% capital gains and non depreciation recapture).Have you looked into doing a 1031 exchange? 

But it would step down possibly depending on what private school they were attending.Pembrooke - I would never live there, and I would hesitate investing there.

@Anna Buffkin I've never done a bridge loan either so I understand the hesitation on that as well.