ISO company that does creative HELOC's:I have a find with great equity in his home but not great taxable income. Are there companies out there that would give him a small loan?Best,Alex

3) Would it be a better idea to keep the utilities in landlord's name and have tenants pay the bill?

We are seeing if this is an option as we have ourselves in a scaling-up phase - we have purchased a commercial property local to us and are borrowing from our retirement to do so, with the intent of paying back with the possible sale of this home.  

In the market, if they are young and new they will pay 12%, so 10% is pretty good. 

Market dependent, section 8 can pay more per month than a cash paying tenant.

However, I'm a bit confused about the process, specifically:Who is responsible for paying the closing costs, and how do you bring it up?

- ie can one structure the acquisition with fixed rate debt where the property will be “self-supporting” - produce enough income to pay all operating amd debts expenses with a little left over as cash flow - as a protective layer for the inevitable downtown.2.

But as the previous owners didn’t pay their mortgage how likely are they to pay the rent? 

Late on paying rent constantly. 

Locating properties has been the tricky part for us to navigate (tax deeds, auctions, foreclosures, reliable wholesalers, vacant properties, etc).3) As we embark on this journey, we are also looking for mentors who can guide us through the complexities of property investment deals.