This can be used at 100% assuming the numbers work out. 

If this loan were to work out, it would be a construction to permanent single loan.

When I’m not analyzing market trends, I enjoy cooking, workout, woodworking and spending time with my family.

Some of the original contractors didn't work out

Hanging a large picture or something at the head of the bed usually looks nice.Additional Bedrooms:Any additional bedrooms, I stage either as an office with a writing desk and computer chair, a workout room (yoga mat and pretty exercise accessories), or a nursery with a neutral white or wood toddler bed and a changing table. 

How did the open house work out? 

I have been a painter for more than 40 years and I can routinely repaint apartment turnovers for less than $1000.00 per unit.

Rinse and repeat – like doing the laundry but way more profitable.So, yes, if your numbers work out perfectly, you get your initial investment back and can use it to fund the next project.

Our company routinely sets up 1031 exchanges on 24 hours' notice or less (it's not ideal, but it happens!).

My key takeaways are - focus on cash flow, look for a better deal than what I am looking at right now and equity may workout -  but it may be too far out into the future for a beginner.