Shoot me over your e-mail and I can send you a rehab calculator that will make your life easier

With the $150k heloc vs cash out refi, the heloc would save you quite bit of money over the life of the term and increase our monthly payments around $600If we go for the $200k option,  the cashout refi saves quite a bit over the life of the term and increases our monthly payments by around $900Does this make sense to others who have looked into the numbers?

Beyond title company fees, you may not have as many impounded for property taxes (which can really hit your cash reserves) allowing more cash for rehab or life.

They will depreciate the property based on age, wear and tear, useful life left, etc.

If life has taught me one thing, if I'm not making mistakes then I'm not trying hard enough. 

I have gotten estimates for $7500 to repair/replace the cedar siding but not sure what the life of the new siding would be and when I would have to replace the wood siding again.

Your goal is to solve the problem, not create a conflict where you don't have to, not impress upon your tenant your distaste and contempt of her life choices and standards.

I believe Real estate has the potential to provide for the goals we have as a family for the next part of our life's journey.

He had a knack for getting into these long lectures about how he invested in property throughout his career and the type of life it has afforded him.I am new to the world of real estate so I’m looking to network, learn, and start investing in rental properties relatively soon.

So if you're going to go down this route, as always in life, focus on relationship building with key people so you can turn to them when you need some help.