@Bryan L. and @Dell Schlabach I agree most people should be able to read a book and pull the good and leave the bad behind.

The combination of the added living space and updates allowed me to really pull in premium rents/usually less than 24 hours from vacant to rented and the initial (plus ongoing) equity increase has been phenomenal.Of course the downside is that you have to float the house for ~2 months before you are done with the work and get it rented out.

@Steven Hamilton II - given the nature of lead abatement, it could be considered an improvement rather than a repair, and as such the net expenditure would be depreciable rather than deductible.

Our bottom line is to simply pull out the equity for use as we see fit.

Below is pulled from your site.

Building is adjacent to two court houses so lawyer tenancy makes since but I agree with you Nicolas, they can easily pull out.

I'm sure 10 years from now, you will agree with me on that.Good luck and you have lots of people here pulling for you and willing to help, just ask.

I could pull some money out on a couple of my existing properties.btw: She's also doing 5-10 loans with 3 months seasoning.

It seems like at least half of these realtors are trying to pull the wool over my eyes.

After scrubbing my lists further for non sales, actives, and expired's in my criteria of pre foreclosed single family homes, I'm only pulling 10-15 names tops per zip code (already scrubbed Santee & 2 zips from El Cajon in 2 days).