@Chris Agun - I love the flexibility that a HELOC provides. 

Hi Raif, Could you provide interest rates and payoff amounts? 

My core investing philosophy is pretty simple, and has done very well across almost two decades and numerous cities:1) Invest in cities with population (and job) growth2) Invest in parts of the city where household income is near the median (or slightly below)3) Invest in properties that provide cash flow from day 1 Thank you for sharing that. 

The agreement is contingent upon the buyer securing financing which I was not able to do and have provided a denial letter.The seller is requesting money for damages because the appraisal came in at the purchase price but needed a heat installed in the kitchen which the seller agreed to install (Not in writing).

Definitely not doing the work myself so it sounds like resale value won't be impacted if I have a licensed person fix the issue and provide evidence/documentation that it was done correctly.

The refi or additional debt of any kind will impact the current performance of your property I'm never a great fan of selling a good producing property - unless I am certain I can improve the overall performance of my portfolio. 

I manage about 65 units and at times my largest cleaning provider may be getting $20,000-30,000 from me. 

What does my purchase price and down payment need to look like for the bank to provide financing? 

The city’s diverse economy, which spans transportation, healthcare, and education, provides a solid foundation for long-term growth.

It definitely provided me with clarification!