:shock: I visited the property for the first time yesterday(I`m in a hotel in Spartanburg as I type this - thanks to my portable cellular broadband internet access:) I unlocked the door, ventured in, and turned on the breakers.

Now, you're going to give up a percentage of equity that your partner is helping you by unlocking.

^^^  I just leave my front doors unlocked when I know renters are coming. 

This is really right up there with those that self manage but trust tenant applicants to see the property by actually giving them the lockbox combo and figuring they will not target absentee landlords and go to the property and unlock a window and break in after the showing after it seems they are gone. 

I'm in the process of applying for my first HELOC and have a couple questions: I've called about 10 banks and compared the terms and this info is the best out of all of them:Variable interest rate @ prime + 2.84% = 9.84% as of today10 year draw/30 year paybackAbility to unlock and re-lock a lower rate if and when prime decreases (this will cost $200 to do)Interest only paymentsNo initial draw requiredAppraisal and closing costs paid for by the bankNo max interest rate, it's just based on prime plus marginMy thoughts: 10% interest isnt great, but its better to get in the game than stand on the sidelines.

Additionally, networking at real estate meetups and telling people your goals will unlock opportunities you wouldn't imagine if you consistently go and meet people each time.

This is my first post and my first real-estate deal, I'm sure to look back on this post someday and smile on how new I am to this business. I am amazed to even be able to write this note to you because I came to the U...

So it is possible for money to be frozen and when you do that you lock everything and it makes it harder to unlock it to start new accounts in some areas.

It needs additional ~200K in reno to unlock $5200 income.

If you take out that capital and it makes less than the $500 per property then you are net negative overall to your household budget (which is how I look at things).Would selling the properties to unlock 100% of the equity make sense and then you could 1031 into something larger with more cash flow?