That might give you an added flexibility and privacy for when you are there or not as well as more income.

Make it each for him to see the total amount you are out.And if your list comes up to more than the deposit, then counter sue for the extra damage you were letting go before.  

Unless you have other cash you plan on adding every time. 

That cost me an extra $1,000.

@Shane WelchIf the unit is not ready for its intended use - then the payments are added to your basis and depreciated once the property is placed into service.If the unit is ready for its intended use; the payment is expensed if it is a repair.If the payment is for an improvement; the payment can be expensed if it qualified for the de minimis election.

. - Buy using hard cash, - Refinance my other properties to get the cash back + get the rehab fund, - Rehab of $30,000 to increase it's value to around $230,000- Rental units of 50 units with nett cashflow after expense and mortgage of $1200- Repeat: finding another opportunities with the extra money that I got from refinance Conclusion: I got the property with 0 cash invested (though short term cash is needed & using other property for refinancing), get $1200 / month (still in progress).

Added half bathroom, opened up the backyard, and the standard flooring, windows, doors, kitchen and bath renovations.

A pure luck play from a Craigslist Ad resulted in my very low offer being accepted.

@Patrick Britton if you use a contractor who outsources most of the tasks, your looking at an extra 10-15k overall

You have to look at the numbers of what that extra loan/increased interest rate is going to cost you.