A heloc add another trade line to your credit and can cause issues with fico scores dropping or DTI going up causing issues with credit limits or other risk based issues.Regarding the $4K in closing costs that is pretty much the standard for a loan amount of $100 to $150K.

@Sheifta Anwar Highly unlikely….banks know they get the best price by getting on the market and most banks are just servicing for the actual loan holders…and they have policies to put it on the market.

One is the loan-that was borrowed money, return it. 

I am looking for an affordable property management software that will also help me manage loans made to others.  

Rehab loans? 

Check with the city on where they are install new sidewalks, outdoor eating areas, walking and biking areas.

I’m wondering if it’s not a better idea simply to buy in my own name, have an Umbrella Insurance in case of lawsuit, then get a DSCR loan. 

And before I get roasted here for bursting bubbles: apply for a large DSCR loan and tell them you have no experience as an operator...

**Safety Upgrades**: Installing security systems, fire alarms, or sprinkler systems ensures tenant safety and compliance with regulations.Understanding and budgeting for these capital expenditures is crucial for long-term success in multi-family property investment.

If I get a small construction loan to the property and pay interest expense, would this qualify as a business expense (adding pool and etc)?