Some of which the poster knows and she didn't mention (in favor of Maverick), and some she doesn't know about yet.

However, you are free to structure the deal in any fashion you want.However, this is absolutely the kind of thing that you will need both a lawyer and an accountant to advise you on.  

Memo 2012-243, you will see that simply holding property greater than 12 months is not a great enough influence on overall intent to retain "investment" status and receive the favorable capital gains treatment.

Their offers tend to be favorable.

I would favor keeping enough cash or instant credit (think LOC) to be able to purchase your target projects for cash one at a time.  

I hope things work out in your favor!

Cash flow the new loan to pay it off at the same pace and you accomplish both goals and only have 1 Lien on your property, at more favorable rates than you will get with a 2nd.

I would suspect that most major cities address short term, rooming houses in some form or fashion.

Louis but the areas are involved in some non-favorable legislative disputes. 

If you continue in this fashion what more could they want??