. $1500 straight to the pest control guy for fumigation, $4-5k earmarked for a driveway and patio pour direct to vendor, and a contractor to do kitchen cabinets and counters, appliance hookups, vanities, 5 panels of wood fence, interior pre hung doors, a bit of termite repair, and a few other things.

Each unit is 2 bed/2.5 bath, approx 1100 sq ft, with separate water meters, small fenced-in front and back patios, new water heaters/HVACs, new plumbing, new electrical, new roof, new appliances, etc. 

Naturally this type of tenant stole whatever they could get their hands on (fire extinguishers, refrigerator, shelving, closet systems, concrete patio sets, misc. paint and building supplies) and drew all over the walls.

The lender also told me that even though we have strong rental history showing on our income taxes, she can not count "ordinary income" to qualify for a mortgage. 

The house was 5 years old at the time of purchase: replaced all door (multiple had holes punched in), new appliances, installed a patio, and ceiling fans, laid new gravel, and security front door.

But it's a bit 'out of the ordinary', so might need to work with them to figure out how to do it.

It’s an active trade generative ordinary income because one is selling inventory, in this case real estate.

It says on the loan website "If you have suffered substantial economic injury" and then goes on to say "Substantial economic injury means the business is unable to meet its obligations and to pay its ordinary and necessary operating expenses.

Active pros will often shy away given the likely extended timeline and ordinary buyers are scared of them.

Here is what my EIDL documents say and I would like to discuss some points here:Borrower will not sell or transfer any collateral (except normal inventory turnover in the ordinary course ofbusiness) described in the "Collateral" paragraph hereof without the prior written consent of SBA.USE OF LOAN PROCEEDS· Borrower will use all the proceeds of this Loan solely as working capital to alleviate economic injury caused bydisaster occurring in the month of January 31, 2020 and continuing thereafter ...REQUIREMENTS FOR USE OF LOAN PROCEEDS AND RECEIPTS· Borrower will obtain and itemize receipts (paid receipts, paid invoices or cancelled checks) and contracts for all Loan funds spent and retain these receipts for 3 years from the date of the final disbursement.Borrower will not sell or transfer any collateral (except normal inventory turnover in the ordinary course ofbusiness) described in the "Collateral" paragraph hereof without the prior written consent of SBA.1.