Mark, I am in the process of completing a HELOC with Wells Fargo.

I recently toured a property in Phoenix where solar power and water-saving features cut operational costs by nearly 20%.6.

Do a 1031 exchange and buy two replacement properties - one for $250K cash and one for $250K using the remaining $50K of proceeds as your down payment.Once this is done your 1031 is complete. 

The basic demo was complete and the property was ready for reassembly when we bought it, leaving fewer surprises.

Second, in terms of asset protection, LLCs are not invincible, but I think what many don’t understand is that they are not designed to completely shield your assets from liabilities, on the contrary they are designed to contain and isolate liabilities. 

A underwriting that i recently completed on an offer we made i used $600/month maintenance/cap ex and believe it to be as accurate an allocation as i could predict (4/3/1, 3100’, class a finishes).I use $300/month in my market on an attached 2/1/0, ~700’.  

These problems have completely evaporated in less than 24 hours.

When the housing market became seller friendly, I unloaded 5/6 of our long term rental units, paid off our house with that and invested in stocks and mutual funds…completely no fun, right??

thanks. you will spend more time trying to figure out whether or not its required than actually completing the form. it takes five minutes. 

The property will need to have a slight rehab to get it up to STR standards, but when complete it should easily be a $200k Gross booking revenue property.