The current fence(neighbors fence) is in almost dilapidated conditions and I’m fearful that this will discourage tenants in future turnovers if not dealt with so with that being said this weekend I plan to reach out to the new neighbors, I’ve already lined up one of my guys to install a new 6ft fence but it will require the demo of their current fence and the dogs to be put up while the work is being done(don’t need anybody getting bit) my question becomes though if you are a dog owner shouldn’t you be required to have a proper and safe fence or does this matter fall into my lap, I don’t want to make to make a big issue because well these neighbors could end up causing more trouble then it’s worth..

But we bought at a price point where the mortgage was well within our ability to qualify for a SFH.That way, if we hated being landlords, we would end up with a house whose mortgage was in line with what we would spend anyways on housing. 

Thats currently in line with market rates

This will be my first time and was wondering once I get the loan and get a renter into the home, can I turn around and get a home equity line of credit? 

The primary reason is I'm having a hard time following your math, the numbers given don't really line up - I'll get to that in a moment.

I would hate to do this and then the banks are saying no on the loan when everything else is lined up perfect, like over 800 credit score and low debt to income ratio. 

Home was built in 1932 3 bed 1 bath full basement needs work of course bad neighborhood 1 car garage its a craftsman style home ugly yellow paint on exterior....SEV is 72,000.00....comps range from 39,000.00 to 99,000.00 assuming all 20,000.00 is used to rehab my fear is it will sell for 45,000.00 but not much more and I won't make anything on the deal?!

The MFP is a 1,872 sq ft 2 unit, 3 bed-2 bath on a 4,800 sq ft lot, built in 1910. 

If I hadn't had the cash, I also have a line of credit available for things like this; however, I would have been in trouble if I were new investor with no reserves. 

@Mykhail Bolden , I have a 3 flat that would be perfect for a 203K, walking distance to Blue line, highway, Mariano's, and within 15 min from Downtown!