We were wondering if it would be best for him to get the degree or to drop out and focus on making money and getting experience in real estate instead (or try and do both)? 

No wonder he is disliked on Bigger Pockets.  

I was thinking a bridge loan might be an option , and then refi it later and pay back the bridge loan,  but I'm waiting for lenders to reach back out and run some numbers.

I do want liquidity to invest elsewhere which is why I'd like the cash back from the reno ASAP, but I don't need liquidity equal to the value of the house--just the basement build-out, if possible.With option #3--how do you "cash out immediately"?

And I wonder if CCR or HOA can restrict these to protect the values of those homes ? 

hey David,As a broker, I have several options if you're looking to only touch the equity in a second position lien on investment property. 

I am an experienced investor and unexpectely find myself managing a duplex myself and wondering if there is a small landlord (aka inexpensive) simple solution for marketing, background checks and lease creation that markets on zillow? 

Hi @Aaron Raffaelli, you've gotten good advice here as well as some good options.

I am wonder if there will be any lien on it as back would have already settled before acquiring the ownership.

I still need to link up with a contractor and talk this out, but I'm wondering if anyone had examples where they put around $50k into a home and what the results were.