Tim, Local bank will do cash out refi at 85%. i will be doing a BRRRR.

Hi Tim,Yes, that is all correct. 

Thanks, @Randy Bloch and @Tim Swierczek , I will contact Aaron.  

@Tim Hall, thanks and you as well. 

@Tim Hermanso what should i figure my cap ex at? 

Originally posted by @Tim Silvers:As a landlord, does anyone know if the EIDL loan proceeds can be used for repairs and improvements to our property(s)?

@Chait Borade, first off, listen to the critique that @tim herman offered.

@Sarah Gabriel, @Tim Orenbuch, @Slawek Jakubowski, @Kevin Paulk, @Francis Nguyen, & @Jeremy Fisher,Thank you all again for the wise advise and words of encouragement on my first rental property.

Well Tim, since I have not done the work needed to have an opinion on what the future will hold vis-a-vis COVID-19, never mind the mental bandwidth to engage in the second and third order thinking needed to make an estimation of how the a group of yet unknown people will view this thread at some undetermined date, I haven't and will not offer my opinion, since it would add nothing to the collective conversation.  

@Tim Swierczek Sounds good!