Her only obligation is to repay that loan according to the terms, and that money can now be used for whatever.This would allow you to access that capital for your deal. 

Hey BP,I am putting together a Marketing Package for a 41-Unit apartment complex in San Diego.

Why is this a good stretegy other than having access to the $?

So higher interest for sure but money still available, if you are not over leveraged and have access to capital you can keep the wolf from the door; anyway that's how I see it. 

How would you manage renovating all apartments in a year when the building is occupied?

If that is accessible, it adds value (egress).

What about a duplex, triplex or a property with a small guest house or apartment?

Invest in value add apartment complexes.

@Giridhara Gowdra chandrannaA - fine expensive well cared for yards and homes owned by professionals and business owners.Luxury cars B- average blue collar suburbia most homes are owner occupied and yards are in good condition.C mostly low Income people rundown rental houses lots of old apartment houses lots of old cars D VIrtually all buIldIngs are old and need some maIntenance .mostly rentals 15-25 year old cars random crIme drugs -hIgh grass and hIgh resIdents Seen walkIng around aImlesslessly F boarded up houses shootIngs no one works open aIr drug deals most everyone looks shady .Hookers rap musIc blasted from random homes and cars

Do you have funds that are easily accessible in case you stumble on an offer that you can't turn down?