Developinggreenfields is a different animal, so strap up.

Go to the local laundry mat and see what is the current rate.

Extra large capacity.You have sheets, towels, bath mats, comforters.This is multiple loads.

Everyone is correct about having to pay interest but as long as you work it into your numbers, the refinance can pay off the HELOCs along with the accrued interest, and your parents/you have the money to pay the interest for at least 6 months without being financially strapped, you'll be fine.Best of luck!

Quote from @Mat O'Grady: @Nathan B.If I were in your situation, I would get the other units ready as quickly as possible.

Purchase price: $550,000 Cash invested: $50,000 32 Unit Apartment Complex 1 Mile from Greenbrier Resort-24: 2 bed/ 1 bath units (Current rents = $400-$495 ; Projected Rents: $650-700)-8: 1 bed/ 1 bath units (Current rents= $300-$400 ; Projected Rents: $550-600)-Purchased at 7.76% Cap Rate -Current NOI = $32,500/year-Mom & Pop Managed-Owner Paying Water ($28,000 Bill in 2018)-Laundry Mat on Site = Not functional-Purchase Price: $550,000-Appraised Value on purchase = $700,000-Area CAP Rates 9%-Projected Income: $20,000 What made you interested in investing in this type of deal?

@Mat LewczenkoTo clarify, the person receiving the referral fee needs to be licensed, not the person paying.

As of now I’m cash strapped for rental purchases as I’m going to let those brew a bit.

Yes, I know some people are far more strapped for cash, but this is probably the one thing I simply wouldn't part with.

I’ve had to prove a “loose roof tile” was a vent, and strap a water heater to the wall and have a tenant remove a trampoline.