It has a faucet, one handle connected to the faucet, and a soap dispenser.

I'll get off my soap box for now and keep everyone posted. 

I have torn out carpeting where a guy died .. laid it all out in my driveway dumped dish soap on it and used my high powered pressure washer to clean it good ..then I rolled it up and threw it back in the unit tacked it down and rented the place out a week later . 

If it it within the acreage that comprises your homestead, you may need to have a survey done to separate that plot from the homestead. 

Of those who will, the secured LoC is part of a hybrid product comprising a traditional {25yr} amortized loan for a portion of the financing and a secured line of credit for the balance.  

If you don't have the time or inclination to vet teams and manage rehab work from afar (not for the faint of heart or uninitiated) then you might choose a more passive, diversified investment like a REIT (an ETF comprised of real estate investments) or DST (a trust you invest in that owns REI, another indirect way to invest). 

They own a partial interest in the real property via their entity that previously owned the relinquished property (or a single member LLC comprised solely of the entity) and sponsor (and its other investors, if any) take the remaining partial interest through a separate entity.

We comprise the entire real estate financing from purchase to refinance.

  :)   Ok, I will hand over my soap box.

Especially if you have high monthly cash-out-flows such as credit card payments, monthly rent, mortgages, student loans, etc.Furthermore, it also depends on what the 22K income is comprised of.