I also pay $80 a month in recurring MLS fees.  

Now the thing is, Jed, how do you know the property has a tenancy-related recurring drain obstruction problem?

Funds are supposed to be used for working capital which I interpret as paying recurring bills including mortgages but if you follow David's strategy, I would purchase new properties in a different entity from the one you used to take the loan out with.Originally posted by @Nicky Reader:Originally posted by @David R smith:It could effectively be used by buy properties, as you could pay off existing mortgages (acceptable use) and use that equity to acquire new ones. 

My understanding that recurring maintenance is acceptable like pest control, lawn care, hvac servicing but what exactly is a normal repair? 

@Zack Howard I agree with you about going for the higher return here but just to be the “devils advocate” in your example you could say he has a guaranteed 5% return that takes about 2 minutes to set up recurring payments then he’s done.. or he could go for a larger return, higher risk and infinitely more work buying real estate.

Is this a recurring situation with the tenant, or new due to COVID-19?

Get an amazing real estate broker and property manager setup in Vegas (hint, search these forums for the top recurring 2-3  names in each category, call them, chat with them, build a relationship).

Depending one one’s personality, they may be driven by recurring accomplishments which are usually possible at the workplace (because there are daily or weekly issues/problems that need to be resolved and those bring a sense of accomplishment.

Not as a yearly or monthly recurring expense.

If I were to do that and hire an agent for the state of Illinois, what work, and how much recurring work would an agent have to do in order to conduct that business legally?