If the roach problem pre-existed the tenant moving in, then not only is the landlord in default of the lease for not providing a habitable property, they are also in violation of Maryland law.

Taking an empty site or reimagining an existing/abandoned building into housing or mixed use is most definitely a goal of mine.

If you use a HELOC, I would think about a BRRRR-ish strategy (No perfect BRRRR exists right now unless you go full off-market door knocking/postcard campaign/etc) to where you can refinance and get some of that money back, so you don't have $25k chunks of money at a 9-10% interest rate floating out there indefinitely.

Since it already cash flows, that could ease that burden for you.For funds, I'm not sure what your existing rate and terms are but you could always try a cash out refinance to fund the next property.

I'm looking to invest in self-storage in the smaller cities and towns surrounding the Twin Cities area and am debating between two options: buying land and building a new facility or purchasing an existing one.

@Terrilynn KelleyThe Streamline 203k no longer exists.

How many existing products have you demo'd?

Also, maintenance costs are almost non-existent in the first few years as very little (generally) goes wrong in the first 5 years or so.

However, I was wondering if that exemption would extend to funds rolled into the 401k from an existing IRA. 

Of course one method to check demand is to see if there is an existing commercial ALF already in town and if so where.