With your brother’s $50K equity already in the property, this should make the loan-to-value ratio favorable for refinancing.HELOC monthly payment on $68K: ~$300 (depends on your rate and term).Lease payment from brother: $800/month.Future mortgage (refinance $68K over 30 years at 6%): ~$400/month

This would greatly increase cash flow and create equity.

-how many bathrooms per resident have you found to be successful?

Turnkey companies assume the upfront risk—they buy, renovate, place qualified residents, and offer warranties.

I only bought props pre foreclosure with significant equity. 

Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence buy & hold investment.

You could do something like what you want if it was your personal primary residence and even then the interest rate would be ugly. 

If you have access to some money you can increase your equity in one jump.

I am days/weeks away from trying it at my personal residence.  3500 sqft but only two people using it, so not sure how good of a test it will be.