I'm about to give up and go with one of the other quotes I received for kitchen appliances for two units that I am holding up putting in commission.

Any insights if this is a bad idea?

You should know the rules inside out or be working with the professionals that know it.Incorrect moves can result in not only a taxable event to you but to your investors.Based on your most recent response, i do not think you have a good understanding of1) requirements of the QOF(You may need to substantially improve a property)2) How long you need to hold a property before it can be sold to exclude the gain3) Inside basis vs outside basisBest of luck

Any ideas?

I am already over-leveraged into the project with LOC's and such, therefore I am looking for ideas for other sources of cash to supplement my current rehab loan to be able to get me across the finish line. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Then branch out to do more deals that way for buy and hold rentals once we get settled into our new home. 

I am sure she is sending him letters (or using other methods to contact him) as well.I'm a small long-term buy-and-hold investor myself, but this property is about 4 hours away from my own market, and would be used personally by my wife and I if we were to acquire it.I'd really like some help from you large operators who work these deals all the time, as to how best make contact with the owner and see if he were interested in selling.  

I've considered taking a HELOC to do repairs but after reading Rich Dad, Poor Dad, I've second guessed that idea but leaving as is would negatively impact selling the home.

You can charge RUBS if RUBS is specified in your lease agreement or made a part of your month to month lease (which is generally not a good idea) and if RUBS is permitted in your local jurisdiction.