@Kristopher K (for some reason my @mentions don't work when there's just one initial!)

One option is to get two home equity loan for $50K each and another option is to get one home equity line of credit for $100 K.

Originally posted by K.

@Leslie Keesee Good question.To my understanding, there is a loan call an 203(k), which bundles up you renovation cost along with your purchase cost into a mortgage.

So if you can get away with 10-15 K in rehab each, you will still have equity and those properties will give you a rental rate of $950-$1300 again depending upon on the area.A simple rule of thumb that I use in Houston is:at a $70,000 all in basis and a $1000 a month in rent you will usually get around a 12% unlevered cash yield.

Thanks @Michael Siekerka and @Rob K ; it appears the lease says any illegal activity will mean default of the lease (eviction) and abandonment over 14 days without occupancy.

Thanks Mehran K. !

Originally posted by Jerry K.: @Ned Carey you're my hero!

@Steve K I have done a little design build before.

I have many of the same questions/reservations mentioned in Rob K's thread.