You would replenish the original money used to purchase and fix up the property (usually it's cash), and then start the process all over again.

Assuming you figure all your numbers right, once you refi on that first property, you replenish your original HELOC cash and can immediately start all over again for property #2.You could also use that HELOC cash to get into a few properties at once (probably by using the HELOC as downpayment money), but I would not recommend this.

No reason to refi if you bought with cash and don't need to replenish your capital.I will refi when deal-flow necessitates. 

We leave a starter set of toilet paper, soaps, paper towels, etc. and let the guests know they have to replenish after they finish. 

As they sell loans to Fannie/Freddie, they replenish their "warehouse line" through "spot bond prices" that are published daily at Fannie/Freddie's site.

We've actually got a customized site together to handle that traffic because we'll run 5-day sales just to replenish our buyers list when thing seem like they're thinning out.One thing we've noticed is that using the internet works much better for finding buyers than it does when it comes to generating seller leads.

Hello,I am from Bay Area and a complete newbie to real estate investing....had saved money for downpayment of our primary home but ended up purchasing 5 fourplexes in the last 4 months since the cash flow calculations showed net cash flow of 25% or more (after expenses and mortgage)....our goal is to be financially free in five years...i.e replace both our incomes from cash flow...besides buying rental properties....what other investment strategies should i look into within the real estate arena..... we may be able to make downpayments for 2 more rental properties....before depleting all our savings and ira investments....but as we replenish our savings and make additional purchases, i want to understand what else should be look into...currently all our properties are in east bay and i am seriously looking into diversifying to stockton or sacramento and eventually arizona once i identify property managers thr

Also add something at closing to increase of looking towards the end = purchase.I'm gonna replenish my 18x24 inch signs back out.

If you ever spend anything out of this bucket, replenish to the 3 month mark.Once you have all those buckets filled to their maximum point (other than the Long-Term Expenses, which you keep filling every month), you should be able to safely take the additional money you have coming in and allocate it to other projects, salary, etc.Btw, notice that the 3 buckets (other than the Long-Term Expenses) total about 6 months worth of gross rent.

I will reinvest what is accumulated after the reserves are replenished.