Also a loan is a one-time deal, while with a LOC you can pay the balance down (refinance your acquisition once rehabbed and leased into a fix long term product) and reuse.

Glad we paid the $275 and are now aware of any and all issues and can be strategic / selective on what to address. 

I work a w-2, so when someone calls me with a problem on Saturday morning, I want to be paid to address it.

When it's a seller's market, you'll have to make the deals happen, but the deals are always there.I'll explain a little:There are three parts of the market.1> Rehabed or newly built homes.

Total budget including rehab and furnishing would be around $150k.

Interest rates at the time were running 18-19% but capturing a beautiful old tired home that would appraise much higher after rehab was my exit strategy.

Most Turnkey buyers I've spoken to tell me they were surprised that the rehab costs were so high and that it took so long to get a tenant.

She did show up unannounced when we were rehabbing, but stayed outside. 

My place is rehabbed and full of wonderful tenants so do not run from this IF its a deal!

I've been exploring the discussions addressing IRC 199A and the IRC 162 requirement that must be met in order to obtain the new tax benefit under 199A.