Key lessons learned: use a cost-per-square-foot estimate from previous projects rather than relying solely on GC quotes, as they often underbid but end up costing more in the long run.The property is under a 2-year lease at $1,750/month.

The FED went BIG with a half of percentage rate cut at today's meeting and indicated an additional .5% before the years end. 

This would be used to rehab the property if the tenant did not preform and the owner had to take the property back.Then you would look at Payment.  

Cash out refi does not make a whole lot of sense since I'm in at the low 3's. has anyone used a HEL or HEI loan to finance a property?

The median home price in Jacksonville sits at around $302,000, and homes are selling quickly, often within 31 days, if priced right.

If you're looking to do $20k in renovations or find something that's near turnkey, you won't be able to build much equity at all. 

At the end the beautiful thing is not the destination but the journey.

Does your cleaning service stay at your units  long enough to wash/dry the comforters before making the beds or do you have a second set that can be put in the beds right away.  

I would not worry at all.

Oh well, it's not worth the fight for me at this point.Thanks Michael!