Phoenix is awesome (Especially if you are looking at the 6 cooler months lol).

I don't believe anyone can look at how forests are managed and come to the conclusion it must be global warming. 

Best to invest on this due diligence now than when you own the property and the budget sky rockets if you need to underpin the entire foundation. 

Assuming you go the HELOC route, another option to reduce your costs assuming you have decent credit is to look at credit card balance transfer promotions.Back in 2003-2004 I had HELOCs on my investment properties and interest rates were increasing.

So they permitted the room as a bedroom and do the work through a contractor for $20,000 and now they get more money today due to livable pace added verse a dining room that was not providing as much value as a rental. 

I am under contract on a property that looks like it will not close.When I got the 3 fireplaces inspected, it was only a few hundred dollars extra to chimney sweep them at the time of inspection so we paid to get them swept. 

That being said, if you'd like to look at higher leverage on bridge/hard money financing for your next rehab project, I'd be happy to chat further. 

If he bought this property ages ago for $33k and it is only worth $50k now, I just don't think that the juice is going to be worth the squeeze.

Connect now and start learning!

Isn't that negative or neutral leverage at best?