However, this is a small, 1080sqft 3/2 and the kitchen, laundry and bathrooms are all along a straight line path.

The only thing I didn't understand was washing all the walls.

These are my HELOC terms:Assuming an appraised value of $225,0001stmortgage set up at $180,000 80% loan to Value (LTV)HELOC (Home Equity line of credit) set up at $33,750 15% (LTV)Combined loan amount $213,750 (95% of the appraised value)Interest rate 1st mortgage 3.875% 30 year fixed rate conv loanHELOC interest only ARM: WSP + 1% (3.25% Current WSP index + 1% = 4.25%) Principle and interest payment would be $846.43Full monthly obligation including Home Owners insurance ($100 per month) and Taxes ($100 per month) : $1,046.43The interest only payment on the HELOC assuming the full draw of $33,750 at 4.25% would be $122 (shown above) Total monthly obligation between both mortgages : $1,168.43~$25,000-26,000 – would be the cash available from the HELOC at closing What this refinance accomplishes: ~$25,000+ out in cash for the real estate investment opportunities Escrow refund – should be a wash with what we are estimating we would be setting aside to start your escrow (~$1,200) and that is your money to do with as you please Creates a HELOC that you can tap into on an as need basis (during the draw period which is the first 5 years).

I can take a set of 4 or 5 cabinets out of a remodel and save them for a later rehab's laundry room. 80SF of good flooring that's too small to cover a remodeled room now fits into a closet or bathroom later. 10 foot 2x4s torn down from a drop ceiling get the nailed & cracked ends cut off and become 8 foot wall 2x4s.

My washing machine just kicked the bucket, and I'm looking to purchase a new one.

Full unfinished basement with laundry area.

Full unfinished basement with laundry area.

, and ways to potentially increase income (can you add a coin laundry or other revenue source?)

SEPARATE LAUNDRY CLOSETS!

UPDATED KITCHEN, FLOORS, SEPARATE LAUNDRY CLOSETS!