Quote from @Paul Novak: I am curious what others are using for property management software if any. 

I think he had some self promotion in the post and mods removed it @Paul Ewing

I'm sorry but David you are simply robbing Peter to pay Paul and the math behind the HELOC payments (or whatever debt acceleration payment method you want to use) does not work out.

You are just down the road from me (I'm in Rosenberg). 

I also completley share his advice on a bias for action.If you are interested in a good book reference with checklist like models, check out "The Perfect Investment" by Paul Moore and "The Book on Investing in Real Estate with No and Low Money Down" by Brandon Turner, both also available in audio versions.

To be honest, any Contractor that asks for larger amounts of money is showing that they do not have any reserves and/or they are 'robbing Peter to pay Paul'.After the initial draw, I would advise paying as the project proceeds - after demo is completely done (and you know that for sure if you are out-of-town), then pay for demo....only.

That seems like taking from Peter to pay Paul to me.

Quote from @Paul Washington: I have a property under contract and need to know could I get an extension with HUD if I’m an investor? 

Quote from @Paul De Luca: I wish I could like this more than once.

@Matthew Paul   Thanks for the good point.