The first consideration, in my case, was that I could afford the first loan since the property I took the loan on for the downpayment was rented and would still cashflow even after I took that loan.The other consideration I made was ensuring that the new property I was acquiring would also at least break even with the monthly payment for its loan.The third consideration was that I had enough money saved not for the downpayment but for at least five months of payments on both properties in case I couldn't pay the loan in case of an emergency (you never know if the new property will rent immediately or when you will have unexpected costs associated with either property, etc.)All three considerations were very important to me, but for my peace of mind, number three was the deciding factor.With this strategy, it could seem that I am making less money since I am racking up new debt on the rental I owned to begin with, but the way I see it, the appreciation I will get in a few years and the actual cashflow that I am still getting were completely worth it.

The attorney I'd been working with is MIA (great sign I know.. will be looking for someone new), but I don't want to delay sending them a letter.Do the more seasoned folks out there think I should just rack up $200 in standard supplies and send the note to them?

I just had to replace a bedroom door after a vacancy & found the right one buried in the barn already painted ready to go.I just rented another unit at a much higher rate that has several older nasty wooden windows & now regret not replacing them during the rehab we did 2 years ago.

He said the key is having both the personal line of credit and refinance coordinated with the lender so that they know what’s going on; otherwise racking up the personal line of credit could potentially negatively affect your debt to income ratio (DTI) and cause problems when you go to refinance it.

Like you I grew up in upstate NY (up on Lake Erie) and I remember back in the early 1980s swapping out old wooden screens and storm windows from the out on my parents circa 1900 victorian home.

I’m still a little unfamiliar with it which makes it nerve racking.

I have racked up tens of thousands of dollars on seminars and other forms of education only to give up soon after the class is over.  

Thanks for your help, been racking the brain on this all day! 

Many guys hide from the cops behind its wooden fence, I've seen it a few times.

I love buying the nice kitchen wooden cabinets off Facebook marketplace for 300$ and saving thousands