We aren't even close to depleting those funds yet, but I try not to use them and save it more for an emergency situation.So at the end of the day I'm not worried about having to fork over money for the repairs.

I've had someone look at the roof, the stove and the hot water tank already, but need to forward their estimates to my attorney to escrow the funds to them for fixing.  

Hey all I am seeking a HML that can provide Proof of Funds or LOI (Letter of Intent)Whether local or national Thanks in advance Expect Success 

I am also seeking to fund it with a HELOC.Sorry for what might be a dumb question: Once I run the numbers on paying the HELOC back, the cash flow doesn't seem to start until the HELOC is paid back (in 5 or 10 years), is this the normal procedure?

In that case and even if not you should have separate bank accounts for security deposits and operating funds.

Meaning, can/are you able to fully finance yourself with the funds from REI (able to pay your own medical bills out of pocket, savings built up enough so you don't need 401K, etc.)I just don't know what to expect and It would be amazing to get some insight on it so that I know what to prepare for.Thanks BP!

I fund teardown/rebuild projects all the time. 

Consider your price per unit, the neighborhood and if you have funds, more units are safer.

Do you have a proof of funds.

Ally savings (where our emergency fund is for our home @ 1.9%2.