@Henri MeliThank you for your response; it seems the variable rate is quite common@Temitope AdebayoSo are you saying I'm not charged with paying off the HELOC, but only the interest that's associated with the total amount?

Some people in your position would never work with a wholesaler, while others I know rely on them (because they are good of course).

I really am a total newbie and don't even know which direction I want to go in.

I have a total of 10 people living in the place, whereas the leases show five. 

Figured it'll run me $6,000 in total. 

. $2,500,000 on the first mortgage and $500,000 on the second mortgage for a total of $3 million in financing.

Homebuyer Requirements for the Welcome Home Program Total household income must be at or below 80% of Mortgage Revenue Bond (MRB) income limits.

Hey @Dori AraziI wouldn’t let yourself get discouraged just yet.While you’re totally right that you have a better shot of finding a unicorn than you do finding a 2% rent:value or 15-20% CAP in coastal SoCal - the market here is quite unique. 

I find that totally false in my opinion.The older demographic is the largest growing audience and most profitable on facebook.

They are a total scam.