We talked about going to home depot to get parts, driving over to show units,  and getting into an accident  while managing my units  - this is not comparable to the Uber or the pizza delivery boy above.

In that case I could just find a comparable unit, rent it and come out ahead.

Cash out is good option if you are going to use money for longer term if you  need money for short term purpose definatley go for LOC.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

We should have lunch sometime and compare notes.

If the deal has enough equity the lender will pay for the repairs and you can sell it for the comparable properties in the area if the market has the demand.

On purpose, together.

I wonder if you could divide the properties up for loan purposes to avoid it being a commercial property??   

That’s nothing compared to advanced thermodynamics lol.

She owns the property and actually built it years ago so I have no idea of a purchase price it was last appraised at about 93k in 2016 so again assuming after repairs compared to similar homes in 2 mike radius it should appraise for about 100k now.