I just worry about some worst case scenario where a tree falls on the property or the property unexpectedly floods 

“That’s frustrating.”ADVERTISEMENTBut RAD’s official disclosures tell a more doleful story than its online ads.During the first six months of last year, the most recent period covered in RAD’s latest investors’ circular, filed with the U.S.

on plat that are new this is not an uncommon occurrence.

@Chris Kay finding a quality, cost-effective contractor is extremely difficult:(There are thousands of contractors that are great talkers, but rarely perform within budget.Standard bait & switch is to lowball a bid, then once they get started all sorts of things "pop up" that somehow their bid didn't cover.

Quote from @Account Closed: I would say.. can you save the tub and re-glaze and redo the tile on the wall can save you $1,000 or more just on materials and labor..

So what if the heloc amount is enough to cover 20% down on investment property and cover renovations.

@Jamie Parker can you elaborate on how you found the deal?

Here's a breakdown:Conservative: 8-10% after covering all expenses (mortgage, taxes, insurance, property management).

I do have reserves to cover contingencies.Let's just say, I'm satisfied with those numbers.Had I had to use a bank, I would have had to put down 20% for $33,000, plus closing and my payment on the remaining would be $1400 PITI including HOA. 

I'm trying to get a mortgage, but it's entirely possible that the mortgage might not cover 100% of the price of the house.