I have used a HELOC numerous times in order to have cash for down payments.

There are numerous questions to ask.

I also read that there are numerous additional maintenance requirements for cabins such as regular staining.

I was very fortunate to find a fantastic drywall expert that was able to make numerous repairs and complete that part of the project.

The prices reflect numerous items including perceived risk, perceived appreciation, and perceived cash flow growth.  

Paying attention to recent and upcoming capital investments by the city can also give you a good idea of where the money is flowing in the city and you can see if it is recovering or growing.

I and many others have done numerous deals using those exemptions.

I obviously have numerous concerns beyond just his ability to perform responsibilities with an arrest and possible time to serve. 

Based on the problems you have, and the costs associated with them, you are never going to CF, your cost will be tremendously high, and it will probably take 30 years before your CF (if you have any) will recover your costs...sorry.IS there anyway you can get out of this deal?...

  $6k/year of PCF means it will take you at least 8 plus years to break even...unless you have out of pocket expenses along the way which adds to the cost you have to recover before you break even.