If finding a new replacement is more difficult then get your new property under contract first even before your old property closes.  

If I can replace the bathtub with a shower, I'd be able to make the bathroom feel larger.  

This is a separate concept and does not replace the 750-hour requirement for REPS.

Are you wanting to replace your job and do REI fulltime or just part time investing, or?

The average homeowner is estimated to be underinsured by 40% based on replacement costs and that doesn't include the interior contents and assets, many of which are in the multi and even mega millions.

Or replace a bad tenant say who is paying? 

Also is there a plan to replace the HML after a particular point?

For example we replaced a water heater recently.

However, this is not a cash out refi.Cash out refi is when you refinance an existing loan, with another one (i.e replace the loan) where there is enough money left over at the end of the process where you can put some proceeds in your pocket.When it comes to your strategy - just make sure you're being conservative with your numbers on the purchase / rehab if you don't plan on using other proceeds to payoff the HELOC. 

And people think Ai is going to replace accountants.one can argue that apartments.com is just a processing the payment and not actually holding the funds to transfer out.If apartments.com all of a sudden reverses the payment for insufficient funds?