A kitchen fire in the back unit got a little out of control and burned up to the roof.

I own several hundred rental units in other states, otherwise I'd join you in helping cover the costs.

Alternatively, you could split it between House 2 and 3 in a way that covers your building budget for the apartment.

If you use the Heloc option and decide to rent it out, don't forget that property (or you) will have to cover both your primary and secondary position notes.I don't personally see Marin being a great mid term market.

So what if the heloc amount is enough to cover 20% down on investment property and cover renovations.

Electrical work, plumbing, foundation, windows, roofing, and AC/Heat.

Whether it is a single family home or a 4 plex, it is still one sewer line, one roof, one gardener bill, one tree trimming, etc. that cost the same no matter what.Best of luck!

In the instance you refer too, this is in florida and I have seen in FL defendants get attorneys fees covered.

New roof, exterior painting, new flooring, bathroom updates, finished new living space What was the outcome?

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.