So (440k-305k)/305k=44% ROI over X period of time.

Although there is no regulatory requirement that you consult with your Transaction Reviewer periodically, it is nonetheless a regulatory requirement of the structure, and not an option.Does anyone have any experience with this?

If the unit is in move in ready condition you do not need much but normally a one month vacancy would be required to get a unit fully ready if the tenant has been in place a extended period of time.

And this is why periodic landlord inspections are essential. 

All the research reports I read point out that we're in a Goldilocks type period.

View report*This link comes directly from our calculators, based on information input by the member who posted.

This is a two-story standalone building consisting of two efficiency apartments, one on top of the other.The tenant below them does not have fleas, and neither do the tenants in the front house.I bug bombed the apartment in question, and the tenant claims to have bombed it again. 

Cash-out is a last resort...credit unions can go to 98% LTV on a HELOC with a 15-yr payback period on a 30-yr am schedule...true interest only payments...you only pay on the principal...But in general, yeah- HELOC makes more sense. 

I have also located a local credit union that will do a cash out refi for up to 80% of the appraised value of the home after repairs with no seasoning period.

Time period is 6 months.