Only then will we find out who was swimming without any trunks on.Good luck!

It is our intention to keep adding rentals to our portfolio  for a while, as we are well-suited to owning and maintaining buildings, and we really enjoy the process of buying ugly properties and then transforming them into something that can bring us a really regular income from renting them.  

Originally posted by @Aaron Klatt:I think most lines of credit won't have an amortization schedule, because they are meant for frequent smaller purchases, I have no clue about the rate though.Yeah I'm assuming it's a short term product better suited for flips similar to a HELOC.I thought I saw in a thread here on BP that rates were in the mid 6's or 7's so that's why I'm curious.Would be a much cheaper alternative to HML and still provide a way to do multiple deals via leverage.

I'm going to be a bit of a contrarian to the above posters, but let me first qualify my post by stating that your market will determine what you should do.We frequently install en-suite laundry in our units - in fact, we have removed common coin-op laundry in most buildings of 6-units or less in favour of en-suite laundry - for the following reasons:electricity and, in most cases, hot water costs are transferred to the tenant;where water is sub-metered, water costs are transferred to the tenant;high-efficency residential laundry machines are about half the capital costs of commercial coin-operated machines;we can command $30 - $50/month in additional rent with en-suite laundry;by installing our own machines, we know they are installed property, with catch/drain pans and {going forward} leak detect shutoffs; andwith en-suite laundry vandalism of laundry machines has been non-existant ... and if a machine is damaged, we know who is responsible.We have a good rapport with a couple of local appliance suppliers and get called whenever they have "dinged and scratched" units to unload ... a small, cosmetic dent in the side of a washer - which will never be seen when it is installed in a laundry closet - can be worth a 40 - 50% discount.  

Almost 4 months and an appliance suite. 

The problem was that our Campanelli ranch had a couple of additions built on it, including a 700 sq ft 2nd floor master suite. 

It is called Substantially Equal Periodic Payments(72t distributions) the amount you can take out with out tax penalties can be calculated 3 different ways to suit your needs and meet your spend rate. 

Has the legal owners been informed of your method of liquidation, are you prepared to settle if you can't assign, what will you do if  the owners decide not to come to settlement, how will you respond to the assignee or sellers in the event of a default, have you considered specific performance suit by assignee or sellers in the event default, have you made full disclosures? 

You can view a few photos here.It is located near 88th and Wadsworth in the Kings Mill neighborhood2 story/ 5 Bedroom/ 3 BathMaster suite "loft" 500 square feetmain floor/ 900basement/ 900some good things:Roof is five years oldnew windows on the top floornew water heaterno signs of foundation settling home is overall maintained and well kept "just very dated"The expensive things:paint trim outside of houseHVAC is working  but is super oldNeeds painting throughout, with a room or two of wallpaper removalneeds wood floors installed on main levelcarpet in upstairs and basementnew appliances/fixtures/countertops in kitchencomplete remodel all 3 bathrooms entire basement is wood paneling drop ceilings in basement "possible other option?"

I just want to add an additional bedroom and bathroom (a master suite).