That would free up $35K to use for renovations of another DP on another REI.That should still allow you to cash flow while savings funds and staying cash fluid.   

I too get frustrated at a resort charge but for me I just look at total price when comparing properties.If you went to a mechanic for new brake pads and they said it would be $195 would you upset? 

If there are any biohazards (body fluids/feces evacuated, vomit, blood, etc.), you should safely remove or clean the affected areas before they worsen.

First of all, the definition of rich is fluid and depends on the person and who you are comparing them to. 

As long as it will pass an appraisal and not be "Subject to" major issues you can get a renovation or personal loan for work.Unless you are cash fluid and can add some cash back into the property and then pull back out on the ARV refinance.

Hey mate,My opinion is to hire a local trusted property manager.Investing in real estate should not be about getting yourself into "another job" but rather elevating and delegating.Don't do the "$20 per hour work" per se but rather focus on scaling your portfolio.Granted a property manager can "make" or "brake" an investment so be super diligent.Just my opinion for what it's worth.All the best

This affords you 2-3 properties using a portion of the $400K you have and the rest to hold onto for reserves and to stay cash fluid.

If you decide to go the mortgage/cash split it keep you cash fluid and puts you in a better position to have cash on hand for assets and reserves.

I would like to help but please put the brakes on and get all your ducks in a row.  

It’s worse than someone telling you check your car’s blinker fluid.