Purchase price: $360,000 Cash invested: $26,000 Sale price: $1,325,000 Bloomfield Mini Storage was approximately 15K square feet with about 1600 of office space ad the remaining being typical drive up access self storage units.

Looking at pulling a HELOC on it, just in case we need access to the equity.

“Fannie Mae’s new Refi Now option will help more homeowners refinance by removing some of those barriers, improving affordability and promoting sustainable ownership.”The programs aim to expand refi access by lowering costs and loosening some eligibility requirements.

I've got a lot of equity built up in a property in CA that I'd like to access to remodel my primary residence, but if I sell it, I'm going to get slammed with taxes on capital gains and depreciation recapture.  

Is there a hidden opening to this section of crawlspace or is this completely sealed off after someone ran a 4" drain, EMT conduits and HVAC ducts through this 15"X15" access opening? 

There are several nice areas with easy access to downtown as there are 4 highways that converge.

What lender is saying Or is concerned is that you may have ordinary income on box 1, but if you never took it out, how can they be sure they you have access to that cash.

Definitely install some sort of smart lock that automatically generates access codes for your guests, try bookkeeping software like Stessa, and use a Ring doorbell camera to monitor who is coming and going.Good luck and keep us posted with your progress!

You also have access to higher leverage and more lenders with the BRRR.

The basement tenants will need to pass through the hallway (that we'll also need to access for laundry) when moving between their kitchen and the other rooms.