Do you want a re-occuring line of credit, or do you want to pay your HML back and put your money into another deal?

Once the turnover naturally occurs bite the bullet & get the unit up to the best standards & maximize the amount of money you can get for it. 

We collected total $2,400 per month, minus expenses, lead to about $300 profit per month (we split this at the end and used it for remodeling).Value was added to the house as mentioned in my original post, while a HUGE amount of appreciation occurred between years 2012-2018.

@Philip Mccleary thanks, I guess because I’m not at that point yet it hasn’t occurred to me that that is necessary.

If the deal does not work you shall execute your exit strategy & exit the deal no harm done

@Russell Brazil THIS is one reason I don’t like duel agency...I’m an investor and duel agency sometimes occurs.

We require tenants to pay for damage as it occurs or as we discover it.

No harm in overthinking to be aware of possibilities. 

On the flip side, no harm in the buyer trying to negotiate (I would). 

Just make sure to get the proper permits as they are very nosy whenever a renovation is occurring.