Do we pay off loans to improve our balance sheets and cash flow by retiring debt?

Then the work will begin.The HomeStyle loan is ONLY for Single Family Homes.Other Important Items to Know about “Conventional” Renovation LoansMaximum – Minimum Purchase/Upgrade Amounts:Minimum: $ 5,000 (below this on an exception basis only)Maximum: Limited to 50% of the “after improved” valueOccupancy: Primary, Second Homes, Investment PropertiesRenovation Term: The renovation term for this program is a maximum of 180 days.The Borrower(s) is responsible for the work being completed within the escrow period.

@John Warren @Michael Ablan @Anthony Dooley  -I bought it at $455K in suburban Boston-It's currently worth $460K without improving the property-3 unitsI have own this property for 3 months so far.

This seems risky to me because the improvements you are making will raise the value of the home which gives the seller a conflict of interest.

@Ray Harrell"He took a chance and he made out."

Tenants may read $35 and think - "that's not too bad, we can chance it for a little $35 fee"  You must charge them $35 every single time you see a pet there. 

Our relationship improved and he started to do chores around the building including gardening, lawnmowing, minor repairs all saving me money. 

@Mohamed NagoorYou should look at this in a separate few steps:1) You fund your LLC (shareholder contribution) with $100k2) Your LLC spends $70k on inventory (the house), and puts in an additional $30k to improve the inventory.

*Chances are your broker will tell you to either take the listing (from the seller), represent the buyer, or move on to something more productive.

Having none of these three is crippling as it leaves you with no leverage and no reason for someone to take a chance on.