In NJ, for example, we rep a ton of landlords and require 3.5 months up front to rent which get you a better tenant and screening as we go through the NTN or rent spree (first month's rent, 1.5 security, 1 month realtor fee split between listing agent and rental agent).

It's a favorable rate, and given the equity you have in your property, you have a good foundation for securing additional funding without compromising this rate.Considering your property is now an investment, and you're looking into financing options for updates, a VA loan could still be a viable path for you, even in your current situation.

These really old houses don't have cement between the bricks, it's lime and sand mortar, so it's not very secure when you dig under it. 

My response to a few:@Kevin S.The rate of appreciation varies by location, price range, property type, property age, and other factors.

@Kirstyn IndyStart a secured line of credit.

@Justin Sheley they're located in the Chicago area, so go and meet them yourself.  

Bought as our primary because we loved the privacy and location.

If the tenant extended the lease twice, but when it ended, he is still located in the house refusing to leave.

@Jason SchultzJoin your local chapter of Real Estate Investors Association at your location (and the location where you want to invest if it is not the same) and network.

Appreciate the info on locations!