You can get a HELOC if there is equity in the property most likely, which there should be since you own it in cash, but you will just be decreasing your pay out and then may end up short in repair money, depending on how much it is worth.

They obviously cannot control some costs, but they do have input on things like maintenance and repairs and some other things.

Common deductible expenses include mortgage interest, property management fees, repairs, and even travel expenses related to property management.

I’d like more information on the DCSR lenders if anyone has specific recommendations.Also, if anyone needs advice or repairs/ replacement on plumbing feel free to send me a message! 

Next, plan on inspecting your properties every 90 days; you can communicate this to the tenant as you ensuring the property is in good order and to help you plan for repairs/future improvements. 

Any repair issues the new acquisition has you will feel to much greater magnitude due to the property carrying a lot of debt.

It will need approximately 20k in repairs and have a ARV of 80 to 120k.

When they move out and i paint over the spackle repairs it is usually undetectable. 

The second property will need 25k in repairs, and rent for 1350-1450 monthly.1.

Since the repairs were two owners ago, I would think the town may be a little more lenient with you.With the new kitchen and bathroom, were they existing and just got renovated or were they added on?