I own a 6 unit multifamily property (non owner occupied) in Tampa and I would like to open a line of credit secured by this property.

I also don't know if the water / power are metered separately - I plan to drive by today and look for meters.Now that I know I have time to secure funding, it boils down to getting the pre-approvals done and deciding on what I'd bid.So to update my back-of-the-napkin conservative numbers:Rents:  $3900 / mo or $46,800 / yr assuming fully rented which isn't hard here.Expenses: Lawn care ($400 /mo during summer, or $2800 / yr est. 

When you have prIvate investors where do you keep the money before the flip is purchased.

This being said, the 1st of our 3 opportunities will be an ongoing funnel of bank approved clients that are looking for a new home which we can provide that is basically hurricane resistant due to our patented building system which will be built on lots being offered to us by a private land owner, who will get paid once the home is built and family takes possession.

Your first mission is to protect the equity that you have (this is a secured loan, not just some credit cards so extra care is warranted), and your second mission is to find some kind of income to sustain you and your little one while this is going on. 

Private money lender - sorry he recently passed away.

I was mainly thinking having a higher income would be more beneficial in securing loans and scaling faster, and there could be a possibility that the market would cool off by then.

Has anyone ever gotten the feeling that maybe their lead paint inspector was drumming up business for his contractor friends, and securing a re-inspection fee for himself?

I am asking from a landlord perspective for damages exceeding the amount of collected security deposit where there is a low likelihood of collection directly from the tenant through a judgement.

Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.