We're keeping LTV low, taking more term on our debt than we anticipate needing, and have a plan that focuses on bringing the old leases more in line with the current average rates.We also run Downside scenarios to see what the numbers look like if we're wrong about room to increase or (worse) the market changes and results in vacancy going up and rates going down.Those are not pretty of course, but a large part of winning is being able to stay in the game.

Charles county lines. 

Nevertheless i plan to use down the line at some point 

Make sure you have your ultimate lender lined up for the refinance so you don't end up holding a property with poor financing terms on it. 

Focus on bottom line.

In any case, you really shouldn't need to ask us what to do with $1 million plus more to come - you should ask yourself "If I had access to $1 million in a credit line, what would I do with that money?"

hmm...shows well, but noticed some odd lines throughout that makes it obvious it was flipped.  

I am thinking about purchasing a townhome in an up in coming neighborhood in Summerville, SC (Nexton Community), but i am not sure if it will be a good rental property down the line.

@Eric LeBlancWe have done well investing in the Spring area - One thing that helped our bottom line was to reduce our expenses by investing in areas that have lower tax rates - we moved completely out of Harris County to Montgomery County and found further savings by buying in neighborhoods without a MUD tax - we effectively reduced our expenses by one percent or more (which is like having an extra month of rent).Good Luck and Happy Investing,

In the last recession, did any of you guys have a 1st lien equity line of credit that was frozen due to the credit tightening from the banks?