May need letter confirming from CPA details. 

I prefer keeping tenants on a month-to-month for at least 3-6 months to confirm they are good before I decide to keep them.

Let her design the kitchen and hire plumbers etc. 

HELOCs are not designed to keep a balance on them (because of the variable rate and maturity date).  

Since I spend 15 hours of the day thinking about Real estate, it was time I got my wife involved in Real Estate :) and she really loves home decor so she took over all the designing of the house and picking out the material for the rehab.

Since I spend 15 hours of the day thinking about Real estate, it was time I got my wife involved in Real Estate :) and she really loves home decor so she took over all the designing of the house and picking out the material for the rehab.

I have tried researching here and elsewhere to get confirmation of this but cant find anything that says there is a cap.   

Here is an overview of the deal….100K View of THE DEAL:We own a multi-family lot valued at ~$45K We’ve completed a tri-plex design and current day construction cost is ~$373KI’ve studied and am comfortable with the economic outlook of the market we’re investing (e.g., population YoY growth, unemployment, median income growth, business anchors, etc.)

David Greene covered the topic on one of the latest podcasts as well confirming that 6 months is a traditional answer for a lot of lenders, but isn't a hard and fast rule, therefore I need to continue to search.Your 75% comment is interesting because many of the HML websites I have been on are all marketing their products around a % of purchase price plus rehab, not starting at 75% of ARV which might (ideally will) cover the entire purchase price. 

When I refinanced my home, the loan officer confirmed this change and said they wouldn't lend on homes with too much unpermitted square footage and would use the county appraisers SF value.