When it comes to assessing maintenance costs, one of the best approaches is to request itemized breakdowns for larger repairs.

Even if such a loan existed (which I doubt), once Vincent self funds all improvement costs, finance charges, carrying costs etc., I doubt he's any better off.

Quote from @Jason Baker: I’m A 11th Grader And I’m Committed To Being A Young Real Estate Investor After HighSchool...Just Trying To Seek AdviceThe average person who went to college carries $40,000 in debt. 

I would only recommend purchasing items that fall into that vision. 

The good news is that this is the perfect hidden health and safety inspection item with which to negotiate a price reduction.

Review what happened and determine why each item was above or below your expectations so that you can properly plan for next year.Review your prior year goals.Did you buy all of the properties you set out to purchase?

So, in reality every month your moving close and closer to sucking out months/years of profits via items aging out, cap-x coming to bear. 

So you might as well be a head of the game do the cash out refinance buy the next 1-2 properties and simply refinance the original mortgage as a "rate and term" which carries a lower rate.

If the LLC you own shows a loss (beyond depreciation), and you are an owner of that LLC, this would carry into your personal tax returns on Schedule E, page 2 from your K1.

Do my guests really need a (insert item for the home here)?