The property is in Barnum here in Denver, up and coming neighborhood with a lot of flips happening and it's really close to downtown, the bronocs stadium and easy access to anywhere in Denver. 

They have it set up in such a way that if my GC walks for whatever reason, they have access to people who can finish the job, rather than wait for me to find a new GC.

The Small Business Administration (SBA) defines Business Credit:Access to cash and credit is a business’s lifeline. Business credit allows a company to borrow money that can be used to purchase products or services. I...

Not a perfect plan but it's flexible without age min of 59.5 to access or RMDs when you're 70 or whatever.

I could still access equity through the HELOC for future expansion and the rent would cover HELOC interest payments while I stabilize future assets. 

If you do the work before the property becomes a rental, it won’t be deductible but can increase your cost basis for capital gains tax.

Over time of that LL making mistakes he is gaining much knowledge and hopefully it turns to wisdom and eventually he is helping others.  

I downloaded the AZ forms (before becoming an agent and having access to the AAR forms) and they were very thorough. 

I strictly want to learn REI and hopefully the knowledge and mentoring I gain will help me be on my own one day. $20,000 is a lot to me.

if this was a rental property the gain on the property is whatever you sold it for minus your purchase price (broadly speaking)… there’re are various expenses you count against both your basis (purchase price)  and against your gain from the sale.