My cash is tied up @ the moment w/ the other 2 props that I have.

The renovations are tied to equity value.

The house is outdated and currently has laminate so were tearing that out and we looking at either doing Oak or Pine flooring.My General Contractor mentioned cutting costs on the project since we are doing all 3 units with hardwood and using Pine instead of Oak and then sealing it to make it stronger for long term durability.Has anyone here gone with Pine versus Oak for flooring and had good long term stability with tenants wear and tear?

The pitfall with this strategy is that the money is tied up until the property owner redeems. 

I saw He also acquired a pet a snarling aggressive 150 pound pit bull tied up to a logging chain in the back yard .

@Ashly McGlasson  How is the money tied up in your current house? 

He got them from people upgrading their generic remotes to a more secure device that ties in with their security systems.

You will make less money, but when their money is tied to yours, they will help you make less mistakes as well.

I have been told that I should first become an equity partner in someone else's project, but I'd rather not tie up that cash if I could get it all back through refinancing.What's my best strategy to start investing in hotels?

The duplex we are about to purchase has coin-operated laundry in the basement, accessible to both units, but the water and electrical for it is tied to one unit.