You don't want to put something that big on a stranger, maybe a family member combined with a property inspector would be okay, but be very careful about just trusting someone random!

And for many who have cash they get hooked to the passive nature of the business and to the returns that over time will usually out perform rental properties.Once folks have been through the rental cycle and realize how tough it is to be a landlord they start looking at lending its a natural progression.. of course many have a combination of both.. but I have seen it happen with great frequencies over the years.. my clients selling off rentals to put into notes.

At a 10% cap rate (adjust to your market) those repairs should justify a combined rent increase of $10K/year, $833.33/month or $138.88 per unit per month.  

It's a fine line but the combination of legal and physical improvement makes it problematic.  

I'd definitely consider some combination of the financing tools you listed if it were in option.

Adding combined years of experience in the DFW market and saying "Not ready to sell, keep this card", all has helped.I'm a firm believer in that most of it has to do with luck and timing.

Hi Casey,I use a combination of Rentometer.com and RentRange.com RentOMeter is free and RentRange is inexpensive but more info.I also take into account, what's available on MLS

- in which case then underwriting would likely *combine* the LOC monthly payment with the new 'cash out' monthly payment and compare it to your documented income.

I’m involved in an opportunity zone fund, active syndicating mid-sized deals and am using the combination of cost segregation/bonus depreciation/ re professional designation to significantly reduce my tax liability.

It sounds like a combination of poor tenant screening/training and a bad attitude with code enforcement.