Although they might sue you for it first and considering the ridiculous inventory they now have of 1300+ homes, mostly ones that aren't worth touching, even for $1 due to heavy damage and being in areas where the max possible value wouldn't cover the repairs needed, I bet they'll be doing more lawsuits and less foreclosure soon, who knows.

Your best bet is probably to find an older roofer as they are more likely to have experience with slate.

But, an office or sitting area may be the better bet.

Yeah I bet he is!

I'm pretty handy but have never done one before so getting one as close to the same size will probably be my best bet....

I want to know if it's dangerous to acquire the houses sub-to when the lien on the property has an adjustable rate?

Are you adjusting your RE investment strategies ?

I would love to just buy 2-4unit properties with the money as down payments but i don't want to lock up his cash for the next 30 years which would require a cash out REFI and thats betting that enough renovations have been done to provide the money, i estimate on a 150k property it would take me about 10 years to pay him back his. 20% down payment at 10% interest (this being done using my cash flow ) this situation doesn't seem ideal to me...

I am not sure if this thread caused a change of direction by the company or just the natural adjustments of a growing start-up.

As Bill Gulley stated HELOC's are not the best way for long term financing as the rates are adjustable and you now have two mortgages to pay on your property.