I simply told him e had a problem and they took over. 

When I first applied I estimated my home value at 390k which would give me a line of credit of 62k at an 80% loan to value ratio. (390k x 0.8 - mortgage balance)The appraisal came back at 420k which great news however when I requested that the limit be moved up to 80% LTV of the appraisal amount (86k) I was told that the loan commitment had already expired so in order to get up to 86k it would need to be a new application and also I would not get the promotional interest rate of 1.99% for the first year.

There's also typically a liquid reserves requirement of 3-6 months of loan payments and that you have 10% of the rehab costs.

@Mallikarjun Reddy Pateel You'll just need to look at the rent roll to see when leases are expiring.

Liquidity and credit must be up to par.  700 Credit and shoot for 8-9 months reserves.

Traction by Gino Wickman and The E Myth

Again, with the goal being to keep as much of my cash liquid/keeping my downpayment minimal.Thank you again.

While I know an accountant would need to figure out on a case by case what makes sense, I wondered if for say 80-something year olds (in the $ SF Bay Area) paying taxes and having more liquid investments might make sense.Is it possible some DST fees add up to what paying taxes on a sale would?

I always send out the rent increase as a lease renewal offer and they must sign and return 30 days prior to lease expiration.

My liquid position is lower than I like it atm (I'd like to build it back up before spending cash, so that is why I was looking at use credit cards (90k out of pocket to buy the 4-plex), we will be getting $1,100 per unit when it is all fixed up.