You could sell those three properties and 1031 into a larger apartment building in the Midwest in much better shape and with management most likely without the same number trouble you are facing.

No offense, but absolutely, positively in no way shape or form would I, as a lender of over 30 years, provide a loan to someone with no out of pocket capital.

Here’s what I’ve seen work well:Furniture Purchase:If the furniture fits the vibe you’re going for and is in good shape, buying it can definitely help you hit the ground running.

Check the property: Make sure it’s in decent shape – no need to take on a major project right away.

You have a very nicely thought out plan and once you get the CORE 4 you are in great shape!! 

This heloc does not, in any way shape or form, affect my wife's DTI.

One of the trends you see clearly is that smaller landlords do not want to rock the boat increases, especially with good tenants. 

Depending on how bad the conditions are, accrued pref may never be paid out and original contribution may not be returned in full.If pref equity's original capital contribution is not returned in full, common equity is in even worse shape.

No reason to get all bent out of shape :) (it was showing that I still owned those houses on my profile and I’m getting ready to buy my legitimate first property this year).

Our pricing projections are based on market trends, historical data, and neighborhood-specific analysis.