What I learned from the Bigger Pockets of credit, www.creditboards.com, is to actively work on repairing credit with a SECURED CREDIT CARD.

We have cut ties with the contractor we were using as they decided to avoid phone calls with us following the tear down.   

I'm told that there are some banks that will fund 75% based on the after repair ARV.  75% of 1.2mil is $900k

I like to carry the keys with me at all times in case I find myself needing to go to one of my properties for a repair etc.

I'm not doing any additions or demo, but will need to put in somewhere from $25-$60k of works (still waiting on the showing to get a better sense of budget). repairs will probably include renovating the hardwood, painting entire housing. redoing entire bathroom and a big portion of the kitchen, etc.

Total mortgage with repairs added onto the permanent loan would be for under 80k. 

Everyone seems to recommend separate bank accounts for the business (as landlord, collecting rent, paying expenses, repairs, etc) and personal.My question is, since I live in the small unit (maybe 40% of the sq footage of the building) and rent out the other 60%, it's unclear which account I should use for the roof replacement that is going on right now. 

Each property had a range of repairs, but I still figured it was a good deal since it was so below market.

So the passive income is great, but understand that repairs and unexpected expenses will cut into that from time to time. 

I’m curious, how often do you repair the condo or make improvements to it?