Once done, and you are set up properly, I would suggest to either burn the checks - so you cannot load up on debt on these lines of credit, or if you feel confident, use these lines to buy a low priced rental - and this will be your financing for it.

If the 150k is burning a hole in your pocket and you need to put it to work, I have some ideas for you in new, multi family housing w property mgt in place.  

v=ZBseD64Lt0cAs some 200 FBI vehibles storm Ranch in Burns, OR it's quickly starting to look like the next 'Waco'-like federal siege in the making.

Now, my BURNING PASSION is to:-revitalize this area with rehabbed properties that add value to this great community-Specialize in rehab and multi-unit dwellings (flip as well as hold)-Do the work of MINISTRY by creating training opportunities for the disadvantaged and the unemployed to work on properties doing demo/clean-up/trade learning. 

If it's wood burning, then I would address chimney issues and make sure tenant knows what purpose the flue serves.If this is a house, good idea to have a fire extinguisher. 

I've been burned twice.  

You don't have to "ingratiate" yourself with anyone....if you've got cash to burn...they want you!  

I wouldnt get hung up on an exact amount, $50 here or there is going to get burned in other ways when you're worrying about seeking out an exact average.  

But if you've been in the investing game a while you probably already have connections who can replace the roof at a reasonable cost already.Now if the rental house burns down and you have an ACV policy they should pay out at the fully insured value - they will not and should not per my knowledge depreciate the property if it's a total loss so to speak.  

He stopped paying the bank after the fire/ break up from wife, but the bank never foreclosed on him (as they probably don't want a burned house).