the line of credit would allow you to use it for down payment and once paid off, it is replenished to be used again.

@Richard Swift I know you can go replenish that equity quickly by other means! 

As you get more rentals, many will agree that your per property reserve could be reduced as hopefully every singe roof and furnace doesn't go out at the same time and will give you the opportunity to replenish the fund.To sum up, get your personal and business lives separated and plan your emergency funds based on your own risk profile for each.

If you have a vacancy and it takes $1500 out of your reserve then you stop saving for the down payment and replenish your reserve.

We have stores unable to replenish supplies.

STR is going to yield more revenue, but it requires customer service, management of cleaners (or cleaning the place yourself), dealing with repairs or damage to the property after stays, initial setup of platforms, and continued inventory replenishment to keep the place stocked.

Hi Fellow BPers,I am currently on the hunt for alternative funds of financing to help scale my rental property portfolio in Cleveland.I used Chemical Bank for traditional financing on a 3 bed 1 bath ranch that is producing great numbers for and want to continue buying properties like that in a consistent matter without having to wait until i replenish my funds.

Replenishing property (SFR): Purchase price (2015): $240kAnticipated Selling price: $320kSelling cost: $20kDepreciating recapture: $20kNet gain: $80kMortgage balance: $150kNet cash after paying off mortgage: $150kCondotel to Purchase: Purchase price: $200kAll cash purchase (I will use the 150k net cash from above sale, plus an additional $50k tapping from my HELOC to fund this purchase)Thanks in advance for your input!

I set aside enough for any major repairs. your biggest repair will be your roof, you have enough on hand to repair that, you have enough to cover any other issue, just make sure to replenish it if you use it. my number is usually around 10K, that said i just bought a house and had to replace the roof - 15K later.

With this program, the requirement is waived.That means borrowers can buy properties that need some repairs with cash, make the necessary changes to the property then reimburse themselves by pulling cash out of the property and replenishing their cash reserves.