seems to me that works.I have had the same set up with my bank for years.little bigger loan size than yours.but one loan is an unsecured loan to go shopping.. the second half of the facility is to secure it up once they have the apprasial.. money comes in on the secured line and pays off the unsecured LOC .. now this is a flipping line not a buy hold line.. but I could refi out and keep as rental if that is what i wanted to do..

It is across the highway from a closed Amazon.com distribution facility. 

At a residential facility I work at clients often try to vape in their rooms.

Behind the counter employees are a huge expense (unless you are a multi hundred unit facility) and if your competitors use them and you do not then you can either undercut their prices or reap more profits.

Your arrangement is not one I can see working out long term unless you had separate facilities & entrances on the other unit.

Seeing lots of tourism-centric cities crack down on short term rentals and fining landlords obscene amounts. 

An investor bought a home in our neighborhood and made it into an assisted living facility much to the chagrin of the neighbors directly surrounding the home.

Our guest, AJ Osborne, shares an incredible story of building his real estate business — which focuses on self-storage facilities — as a way to transition his family from rich to wealthy (and yes, there is a difference!)

Account Closed  now to be like Fox news fair and balancedone does have to be mindful that banks can change policies.. so you do need in my mind a healthy balance of private capital or your own and banks or other lenders as well.07 to 09 saw banking FREEEZE for us in the business I had almost 30 million in various credit lines out and they all got called Save one.. my core bank kept my 6 million working with out it I would have not made it.. the rest did not care and I had written into my loan terms that if they called these facilities I had 36 months to pay them off and I needed every bit of that time to do it.. but I can proudly say I did not default on a one and paid it all back and the agreed on interest. 

The area you're discussing is near the Lilly facility on Meridian.