House was built in 1995 so I am thinking that I will need a roof for it soon and central heating/cooling is six years old.

They're revolvers - they're meant to be drawn and paid down relatively quickly to meet liquidity needs - such as making a cash acquisition or funding a rehab. 

The provisional clause to help satisfy liquidity lasts for another 10-12 weeks, believe mid march like 12 or 14th.

I have it and I don't really buy direct from homeowners I just like it because its so cool.. and I can instantly see who owns what ... etc etc.and its like 50.00 a month for gosh sakes does not get better than that. 

The smallest deals will require 20k of liquidity to get to the exit, maybe more.So your capital will also depend on your market. 

I don't think you can go wrong if you have the liquidity and the market is strong. don't forget that hotels are built in the middle of nowhere brand new and do fine. if you want me to look more closely at it send me a DM, this is ours right here that we proposed so you can see the style but it's 81 residential units, 45000 sq ft, 6000 sq ft of retail, no parking. on your assumptions, your occupancy rate looks high. pull some hospitality reports in the market and see what it is. your exit cap looks about right for what I've seen in hospitality.

You could also "double dip" in the sense of a delayed purchase/rehab to recoup funds, get rehab reimbursed, and then refinance at 90 days at the new ARV and maintain most of your liquidity throughout.

@Rex Lindsey I'm out of the UT market until it REALLY cools down.

All things being equal, that’s pretty cool.

(because you put 20% or 15% down instead of 25%)You tell me when you need the money (liquidity) from the transaction and I'll give you an idea of which one is better. ;-)There is a way to get both simultaneously but that part requires training.