In this scenario, you will be leveraged the same amount but now with a revolving rate credit line. 

The basic premise was if you had a revolving credit card of at least 2500.00 dollars minimum then whatever your highest credit card limit was they could get you 5 to 8x that amount of credit.

I've switched strategies several times but I have held true to my "buy one property each year" plan and now that I'm six years and eight doors deeps, I continue to have new "doors" open for me and my strategies continue to revolve and change based on the opportunities that arise.Whatever you do, don't wait.  

@Andy Chen A close ended second is just a second position loan that does not have a revolving line of credit.

The risk that the LL that realizes your "commercial lease" was just fancy wording for turning the property into a revolving door of quests that made the neighbors angry and terminates/sues for breach.

Is there any CAM?

Using an option to either purchase the property or the equity later for terms you agree to today seems to fi your objectives.The original question revolved around documentation.

I also dont want to do a cash out refinance, as I want a revolving loan. 

many don't want or need partners.. others that are in the syndication business their whole model revolves on managing partners and a lot of them.  

Hi Cam, Realtor and Investor in the Cleveland market.