The housing authority pays the bulk of the rent, so your main risk is around property care and cooperation.

Heloc's also require a monitored DTI debt to income of the bank/lender holding the heloc could reduce or close the account due to excessive trade lines causing a shortage of fund on the purchase or repairs or renovation after the purchase.I have seen multiple homes sold this year that they had a first mortgage and a Heloc and the home sold for less than expected causing a problem with profits and in a few situations caused the home to not sell due to the seller getting lower offers and not able to pay off both mortgage and heloc.I offered a few things to keep in mind and mentioned to reach out if he had other questions.

Before signing the work authorization contract, I mentioned I might bill through insurance, and she said I should sign the contract anyway and she’ll internally switch things to insurance and have the tech document everything on site to ensure that insurance would have no doubts.

I think $500 is excessive.

You're scheming ways to deceive both the lender and the tax authority in this situation.

If you make 6-7 figures and have excess income you can cover things, gives you room to invest more.

A minimum of 480 sq. ft. of lot area is required per dwelling unit for the lot area in excess of 1,919 sq. ft.

Can your broker access the excess & surplus market?

I was made aware this weekend by one of the investors on our Facebook group that Marco Santarelli on June 18th, 2024, held a "web seminar" again soliciting investors.

The housing authority already verifies income and pays their portion directly to you, which usually makes it very reliable.