I’m willing to accept higher interest rates on a line of credit as the overall $$ amount is significantly lower than refinancing an entire property at the above mentioned 6-7%, not to mention restarting the amortization schedule all over again.

:I would have a landscaper visit the property..

I've been searching properties for a variety of ideas for almost two years now and never pulled the trigger.  

last thing I would do is turn a property that you can sell with no tax into a property that your going to pay tax on in the future.. thats one thought..

So just to clarify- I can deduct the cash investment I put into this flip as COGS when I go to sell the property if it takes more than 1 year to flip? 

I personally wont buy a property unless it has a minimum 40% Cash on cash return.

I spoke with the listing agent and we went back and forth with the owners who inherited the property.

A HELOC may be an option but I'm full time real estate (no W2) and have a couple properties and my DTI is relatively high. 

If you want to see it pre rehab, we may be able to arrange something for Dec 1 (it is in Pt Loma near OB).I get a lot of off market property listings sent to me.  

Can your property look better or be more inviting.