This isn't good for the landlord or tenant. 

Congrats on getting the property early and for putting in the grind to get the property in a better place. 

A traditional bank will not give a line of credit even if there is significant equity because it boils down to being able to pay back the money. 

Please also make sure how much points or cost you are paying by looking at the Loan Estimate.

I have clients doing 1 a quarter thats about the slowest to others that will go on a mini tear and I will help them buy 5 or 6 over a 45 day period then they go to work.But generally my busy folks will do 15 to 30 plus a year..

Turns out, the previous owner did take many steps to mitigate the moisture damage and the home was very dry and mold free when we acquired it.

Quote from @Kadeem Kamal: I’m starting the process of doing a 1031 where I’ll get about 300k to put towards the the next property.

Besides all the benefits of real estate, I like the control I have, and I like the discounts on the purchase price, I'm able to get. 

Maybe do the by the room strategy, or STRs.

One quote has the items listed, shows the price of each item as $0 and then has a final total.