The contribution limit is the same as any IRA.Another thing to consider to avoid the taxes is to borrow from your 401K.  

The lender has required a 'Prior to Docs ( “PTD” ) Condition':"Business Verification Needed - Broker to obtain a CPA letter to confirm the borrowers current business waspreviously filed as sch c and confirm how long been in business for."

Most of the hml’s are qualifying the deal, not just qualifying you as a borrower.  

You will see it in refinances from properties that were recently bought (and hoping the borrowers still have equity to refinance).

It is all the deal and the borrower. 

I would probably borrow a little more than $100-$150k if I could to keep more reserves.All I can do is mention my favorite fellow long-term operator and handyman in P-burgh @Jim K..

Just for fun I looked up the rate to borrow against your portfolio... 7.8 - 10.88% VARIABLE interest at ETrade from Morgan Stanley (see pic).  

For example, they'd pull 4 of 5 payments for a borrower from the same account and then blamed the borrower for not checking to make sure the payment was pulled before a late fee was assessed.

They are told to borrow and buy by gurus and the media no matter what.

It gets more complicated if you then need to borrow even more money to do the renovation.