The common areas were barely furnished at all - a small kitchen table and 4 chairs, several stools and only one couch. 

Imagine have 100k on credit cards with rates at 13-18% and tenants start missing payments or units have some vacancy.If you plan on flipping then this might not be as applicable unless you misjudge repairs or ARV and are forced to sell for less then what you owe.My point is that in the next year while you are getting your biz lines of credit you should be shoring up your finances and possibly getting a full time W2 job so that you are capable of exiting thru a refi.Finally before using biz lines of credit you should at a bare minimum find a portfolio or commercial lender near you, develop a relationship, and run your potential scenario/s past them to see if they would be able to refi you given your current financial situation and real estate strategy.

Hello BP,First post here, so bare with me.

Particleboard is bad enough, but now it's barely strong enough to hold up the cabinets.

From the tenant side, it's a bare bones, basic portal which is fine.

Sorry, I mean of course Wyoming has incentives their population is barely larger than the city of Oakland.

I would actually consider investing with bare minimum of 1% rule and has a relatively low home prices compared to other states in the US which makes it an attractive destination for investors who gets a good return on their investment.

Most of the properties I've looked at barely, if at all, pass the $100-$200/unit rule on here.

My landlord friend had one a few months ago and the basement occupant barely made it out.

Winter months barely break even.