So in essence I would still be adding to the heloc.I can flip it and clear 30k to pay down the heloc as planned, but lose a potentially good rental property.I am conflicted....flip or plan as cash out.I also have another rental that I could do a cash out and reduce some on my heloc(interest only) and still cover note/expenses.I do not like the idea of a balance on a heloc since it is interest only and is currently up to 6.5%Cash out and reduce some of the 6.5% interest only to a fixed 4.77% and paying down with each payment.

From experience though very few people actually read the details of a rental ad, they mostly just look at the pictures and the rent amount.

Also, for those already invested in the Market, there isn't extra money they have to use this as a buying opportunity.

An example is collecting data on online users and than trying to come up with a way to sell them stuff through ads.

I have four 6 plexes in Louisville on the same street and they all do not have locks on the main doors, just a handle to open them.I need to add locks so the tenants have some added security.

Also, my realtor said that this USED to be a D neighborhood but lot's of new expansions and renovations going on so it has gotten better.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

Typically demo and trash out goes first, if you are not adding on to the size, then any framing goes next, then rough plumbing, rough electrical, and rough HVAC.

The extra cost is minor compared to the cost of one accident that you could personally be held liable for.

Do I suck it up and go back into the industry that I disliked at the time and buckle down knowing I can bring in thousands of extra dollars per month?