Although they can do the appraisal you will still have to show your capacity to carry a line of credit through qualifying which they will look at your income and job type to assess the risk of creating a line of credit secured against the home. hope this helps. 

I am a newer investor currently only own 1 SFH and working to try and secure my next deal entirely by myself. 

Hi everyone, I was able to secure a HELOC for $50k.

She should apply for long term social security disability and see if that shores up her income enough to qualify.The main question I have is why are they asking for a VOE at all? 

If you leave the property by the lease expiration date AND leave the property clean and in as good condition as you found it I will not charge rent for Jan. and I will return the security deposit in full" I made the offer contingent on them responding to my message. 

I am closing on a single family home cash purchase on the 16th of July, I borrowed the cash from my father in law and he asked to get a promissory note added at closing.The title company (chosen by the seller) will not add the promissory note at closing, the seller will not change the title company.I have spoken to a local title company asking if they can create a deed of trust after I have closed on the property and they told me no it's not possible.Any suggestions of how this can be done I am in Michigan, my father in law is just wanting some kind of security for the loan.

Heck, a boat load of actual property managers aren't worth their weight in dirt.Remember: cheaper doesn't mean you'll make more money.You can start by going to www.narpm.org to search their directory of managers.

I know a purchase agreement is needed that secures me the right to purchase the property and reserves me the right to assign the contract but is that it?

I'd also ask for a higher security deposit, but otherwise would probably consider renting to them.

Security deposit needs to be returned minus deductions.