Biggest drawback to Sonic properties is the specialty nature of the land improvements.

You don't close, you don't eat.Human law is most people by nature are lazy.Think of it this way.

No, nobody bats an eye, because not one person has been prosecuted yet, and appraisers are by nature, hermit mice that would rather die of starvation than organize to lobby for their shared interests.

It's the natural order of cycles. 

3.The best mentor relationships happen naturally!

The list goes:___ One Story___ Two Story___ Minimum Number of Bedrooms ______ Minimum Number of Bathrooms ______ Jacuzzi Tub___ Separate Shower___ Half Bath___ Garage for ___ Cars___ Carport___ Great Room___ Formal Living Room___ Formal Dining Room___ Upgraded Kitchen Appliances___ Granite or Upgraded Kitchen Countertops___ Breakfast Nook___ Storage/Closet Space___ Basement___ Bonus Room/Playroom___ Fireplace___ Hardwood Floors___ Inside Laundry Room___ Covered Porch___ Outside Deck___ Brick Exterior___ Siding Exterior___ Wood Exterior ___ Stucco Exterior___ Hardie Board Exterior___ Swimming Pool___ Fenced Yard___ Large Yard___ Landscaped Yard___ Natural Gas (water heater, kitchen, fireplace)___ Septic Tank___ Sewer System___ Waterfront Property___ Golf Course Property___ Located in ________ school zone(s)___ Close to public transportation___ Located within ___ miles from work___ Located within ___ miles from ___________ Located in a homeowners' associationThe grading scale for those items is: A = Mandatory, B = Neutral, C = No Desire, D = Deal BreakerI need expert opinions on this, so I came here. 

(Naturally, I assume you only touch the money for further asset purchase or development).I am not a lawyer or CPA, but if I look at your example and pretend you would be able to do the exact same deal again, you could buy #2 BRRR and pay the $50K cash from your property#1 HELOC.

Well im naturally amazing at sales.

Typically, the electric meter is separated out by units, but in the event it is not we would want to incorporate some sort of set amount per month to charge the tenants. 

Jack - I too grew up in rural Miami County (Paola) and attended K-State and after years in corporate, I got my real estate license and became the realtor for our family investment team.