Life has kept me super-busy and away from REI aspirations.

I owe for the first time in my life, but I am not too upset...I made signifcantly more than I ever have!

total estimated interest = $4.7k2) LOC refi- $2.6k in closing costs, plus $2.9k interest over the 24 month life of the LOC equals total cost of borrowing = $5.5kSo basically for the LOC i'm paying $800 in additional costs over the two year period to gain access to the remainder of the LOC ($92k) at 5.75% interest to be used to jump on cash deals, etc. if needed.

Holding 20 years you'll probably get a new roof, appliances and how many paint jobs.....The neighborhood will be 20 years older,that 100k ranch style could be nearing 40/50 years old.

Clearly the useful life of this tool requires me to expense the cost of the tool over several years.

I like to keep things business and my other life personal.

And I too, have thought this was more of a lifestyle choice than a good investment, but now Warren says to do it...http://www.forbes.com/sites/janetnovack/2012/01/27/warren-buffetts-advice-to-a-boomer-buy-your-sunbelt-retirement-home-now/http://www.forbes.com/forbes/2011/0627/money-guide-11-real-estate-gallagher-nar-vacation-retire-later.htmlWhat do you think, would you do it?

Like you said, 8 weeks of your life dedicated to getting this back up to shape.

Be prepared for overcrowding and long term unwanted guests, this is a fact of life in these areas.

To be sure you can find at least 50 in Las Vegas who can help you.I wish you the best of success in your investing and life!