Make sure both properties have all the repairs and maintenance needed and no major cap ex is needed before you try to add one on double leverage.

Set Aside for Major Repairs: Most Cap Ex items have a life expectancy.

Since it's a commercial asset, you need to get all the data possible on rent, expenses, lease end dates, cap ex done and needed, to present a five-year plan to the private lender.

The 25K would go towards a rate buy down.As far as accounting for cap ex and maintenance for newly replaced/updated items, I'd still recommend doing it.

My goals would be to increase monthly cash flow and have more access to the property's equity for things like Cap Ex, etc....Here's a blurb from a lender's website:"By combining banking functionality with home financing into one dynamic instrument, borrowers are able to save tens of thousands of dollars and years off their loan""Designed after popular programs around the world, the All In One First Lien HELOC is the nation’s first transactional offset type-mortgage program.Home financing and banking combined:Deposits lower your loan’s principalFunds remain available for expensesInterest is calculated on the average daily balanceThis lowers the monthly interest paymentsTens of thousands of dollars can be saved over the life of the loanMortgage freedom can be achieved in half the time or less

Your questions are fine, but I would be more worried about the asset and the future cap ex than the renters in general.

rental 1 - 2k overall after depreciation, expensesrental 2 - 10krental 3 - NEGATIVE 15k Overal rental loss/profit for year (after depreciation, expense, etc) for the 3 rentals is NEGATIVE 3k that cant be written off, but carried over since +150kOr is it ex. 2Rental 1 - 2k and Rental 2 - 10k are added for 12k.

Ex, all in 75kish value 130k, All in 90k value 140k, ( I can provide 100s of examples.)

This is a messy situation for the ex- couple.

my ex tenant was picked up for smoking pot - I wasn’t held liable for that.