I just wanted to introduce myself and brag on my town - we are experiencing a lot of growth with new developments that are geared towards bringing in Columbus folks who want to live in a more affordable area.

For example, a home equity line of credit (HELOC) might offer a more flexible solution to fund the repair without the commitment of a second mortgage.

I suppose you could work out a plan with the tenants to do a more gradual increase of the rent rather than doing it all at once to be more income-friendly and to allow them to attempt to budget for the increase but you may also risk losing them anyway. 

Hi Jordan -I am working on a new tool aimed at making real estate investment analysis a more streamlined and data-driven process.

We love that it has a "country vibe" with a more rural feel, but also has the potential for a population boom in the coming years with improvements coming to the town.

However theirs were so specific to our types of developments that it takes a lot of work to rework them into a more generics one. 

You are entering a more challenging RE market than virtually all of the last dozen years.  

As California investors, we sought a more passive approach for our later years, and SDIRA's new construction properties in strong markets met our criteria.

That may be a more plausible option, just to have an umbrella policy for now.

I would suggest trying for a single family, your demographic of renters are better, values rise faster and you will have a more diverse renter pool.