Probably not likely unless you have a lot of cash in that checking account.From experience with my business (not real estate) no lender will entertain a line of credit without substantial cash reserves or very strong history to show.Probably better off trying to open a bunch of credit cards at the same time and use those for the repairs.

So far I have 1099, Advertising & Marketing, bank charges & Fees, Capital Expenses (for remodels) Car & Truck, Contractor, depreciation, donations, Employee benefits, insurance, interest paid, inventory assets, job supplies, legal &professional services, loans/points, meals & entertainment, office expenses, Rent & lease, repairs & maintenance, salaries & wages, taxes & licenses travel, utilities.

In regards to the 80k, If that loan has good terms, I would try to keep it in play rather than pay it off.Happy InvestingDerek Dombeck Thank you for taking the time to entertain my questions @Derek Dombeck I will look into the first option as the property is not under an entity.

It is distant from jobs, shopping, and entertainment. out of the way between Chicago and Milwaukee and not even close to the expressway. 

because sooner or later I will work with one... and they want to see that you are serious and not just one hit wonder)The point I am trying to make is... begin building both virtual and physical network... and start diving into other peoples mindset... will carry you through the passion and begin helping you discover the true reality of retiring early...Note i am not the best person to listen to since I don't have 100 units property or anything like that... but what you will learn in my blog may perhaps be entertaining and perhaps just maybe make you feel less like you are a lone ranger diving into this journey, while also help you discover how you can create similar virtual/physical network... 

Could anyone point me to a MHP lender that would entertain a loan on a $425,000 purchase. 28 space park, 26 homes, 24 occupied.

Having started my REI education about a year and a half ago after stumbling across BP podcasts as entertainment for my daily commute I am excited to finally take some action. 

@Mark BroganThe IRS tax reform made many updates to the "entertainment" portion of meals and entertainment.In years past - you can take employees, contractors for a meal and deduct it so long as business was discussed during before or after the meal.Now that is disallowed starting in 2018.There are some workarounds but its harder to do it with contractors.

The following is an excerpt from Andrew's original post...WHICHEVER IS THE LOWER AMOUNT (super important)I understand the caution in all this, but entertain a scenario..I'm having a very difficult time passing up cash-only deals based solely off the knowledge that the ARV really isn't going to go anywhere due to the home being livable/only needing cosmetic upgrades/being sandwiched in between 2 or 3 other units of a multiplex...I say again I'm having a hard time forgetting these deals because they would cash-flow nicely and are affordable.

Thanks for the post and thread, they are eye-opening and entertaining even.