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.

I sent a friend of mine to check the property as I was not able to go, my friend told me the agent didn't ask any questions and he felt the property was not that attractive as the parking lot was mostly empty and not much movement in and out of the property.

Active listings increased notably, up 11.5% in Austin and 13.0% across the metro.Inventory levels continued to rise.

Our fearless forecast is that the next 2-3 years will bring near historically low mortgage rates as part of the Administration's - notably Fed nominee Stephen Miran's proposed monetary and interest rate policy.  

Prior to starting the program I had considered investing in real estate for a very long time and just was not able to take the plunge.

You’ve done an excellent job of clarifying most of the incorrect information, notably concerning the LEGALITY of violating the “due on sale” provision. 

The Fox river floodings are disastrous and unpredictable so even though the house is raised 5' above ground it has taken on water several times through the years, once notably the water line rose to an interior depth of 5' casuing hundreds of thousands in damage.

IDK arbitrage is fraught with so many issues notably the outlay to furnish an entire place that you don’t own with decor that is unlikely to translate to a Midwest property should things not work out in CA. 

Columbus, Ohio, is quietly emerging as one of the strongest examples of this trend.Why Columbus Stands Out for Investors:Affordability with Strong Returns – Home prices remain accessible compared to national averages, while median rents have shown consistent growth, creating favorable rent-to-price ratios.Population and Job Growth – With Ohio State University, a robust healthcare system, and major employers expanding—most notably Intel’s $20B investment—Columbus is attracting new residents at one of the fastest rates in the Midwest.Revitalization and Development – Significant city and private investments are reshaping downtown and surrounding neighborhoods, fueling appreciation and long-term demand.Investor-Friendly Climate – Ohio remains comparatively landlord-friendly, allowing owners to better protect cash flow and streamline operations.Strategic Location – Columbus sits within a day’s drive of 50% of the U.S. population, strengthening its role as a logistics and business hub.The Takeaway: Columbus is no longer just a “stable” Midwest market—it is evolving into a growth-oriented environment where investors can combine cash flow with appreciation potential.

Had to follow up three times to get a response; no explanation given and, to my knowledge, the situation is still not rectified as of 2/6/25.As of 2/6/25, I was still not able to rent a home that needed only minor repairs, which has been under Evernest management for over TWO MONTHS.