Unless you know a licensed contractor extremely well, have supplies already or decide to explore alternative methods for getting it done, my guess is your renovation expenses will be well north of 40k. 

If you were considering refinancing w/ an "alternative lender" (eg. non-bank/credit union), many have paused their SFR programs.

It is one of the key elements of adverse possession (open and notorious in nature).

Everyone wants to spend less than a repair is worth,but make waves and your costs will naturally go up on future repairs.  

And Brian, the issues with holding RE in a tax advantage account is that you lose out on some of the pass through nature of the tax savings, mainly deprecation.

Alternatively, you could get a LOC on one or more of them if you don't need all of the cash right away. 

Section 8 is a good alternative as most of the check comes from the government.

When I consider BRRRR, although I am not particularly skilled in handicrafts, I naturally understand the potential of forced appreciation through Renovation.

Depends on how much each property brings in and the nature of the property. 2 single family homes, probably not unless they are both paid for and in San Francisco or Manhattan. 2 50 unit apartment buildings, probably.

The Sensi alternates taking power from either the A/C power or furnace power depending.