I can go Home Equity Loan route: HEL would equate to roughly a $600 monthly payment (dependent on rates).

I would like to do some type of loan or HELOC product to renovate the common areas and a few units. 

If you are considering working with them, I strongly advise you to double-check the provided rates and terms carefully.During my loan process, I discovered that they had added a yield spread interest without informing me. 

I have closed three loans with The Mortgage Shop.

Yes but depending on the loan type they may want to understand what that payment is.

I want enough money coming in so the business can sustain itself when issues occur with maintenance or vacancy.If you wanted to do this with only 20% down ($46,000), which is all you need for a conventional loan, here is how the calculations change.Total mortgage + escrow $1,493.33 per month with cashflow reduced to $306.67 per month.I prefer to overestimate purchase price, interest rates, and homeowners’ insurance to be conservative.

The loan on this house is $650,000.I closed on a new primary residence end of June.

A foreign national loan should work.

Once the HELOC is in place, your father-in-law could loan you the funds to invest in real estate.

Commercial Loan How did you add value to the deal?