Sitting on the sidelines is not my thing. 

Things have changed this past year, caps are sitting MUCH closer in the 4-5 range as shown in the t-12... 

We now sit in a property that could have upwards of 100k equity.

If you just sit on the HELOC for a couple months until you find the project to apply it, it just sits there correct ?

I don’t want you to buy all my real estate investing stuff, only to have it all sit on a shelf or in a hard drive.

I do have a bathroom door that is destroyed on the bottom in my office 10 feet from where I am sitting, right now.

I wasted 20 years sitting on the sidelines.

Follow up - I offered my PM 15% vs the regular 10% of any money we get from a local or federal program if she would go and sit with the tenant and apply.

That money sitting in the bank not making income is driving me crazy.

We have a young family and don't want to get in over our heads on debt should something go south (and don't want to be over leveraged if we decide to move to a new primary)40% was where we felt good about the cash flow, and can be relatively sure we wont be losing money each month even if something unexpected goes wrong, and we have it sitting in the bank from a stock sell off.