It takes about a full year from start to finish, but I’m happy to tie up $30k or so for a year for these types of returns.

That is just too much work to screen hence I can cut down my work by using a web form in the future.I also like to ask for paystubs, license, bank statement, application and W2 evidence via email. 

I am hoping that this would cut down on repairs and be easier to manage while I'm on the road (I intend to use a property manager). 

My father in law mentioned he would fund the down payment for the new construction loan, but hinted getting a cut of the cash flow every month.

I'm just trying to figure out when/if I should be cutting them a break.

If you tripled the value of the properties, you shouldn't still have $20,000 tied up.

I dont want to tie up too much cash right now. 

We like the condos we own but sometimes our hands are tied a bit with HOA and facility managers helping get to a resolution.Thanks again,Jeff

Do the dairy farmers and grocery stores cut deals every time the price of milk increases?

@Paul Winka  Assuming this is sheetrock I would cut out the damaged sheet rock, check any wood behind it for mold.