Hi South Bend BP friends,I am looking for a reasonable (ok cheap) contractor to cut the grass at my 20 unit in South Bend, IN.

I refuse to deal with rat hole houses in rat hole areas....you typically get rat hole tenants in those areas!

About $5k is typical for closing costs in my area.

The advantage to the HELOC is that the closing costs are way less, but typically they don't have a fixed rate and the amortization schedule is a lot shorter.

For example, I have access to all the properties in my area that are currently going through mortgage foreclosure, tax foreclosure, probate, marked as vacant, marked as high grass or any other code violation.

For example, I have access to all the properties in my area that are currently going through mortgage foreclosure, tax foreclosure, probate, marked as vacant, marked as high grass or any other code violation.

Is this typical?

Yes, but you typically need to season for 6 months unless you get lucky and find a portfolio lender or if you decide to go commerical.

There are a lot of different ways to make that happen and that typically boils down to what you are most comfortable with and feel like is most effective for you.

I know a bank typically asks you if the property has been rented for more than two years to treat it as an investment.