@Jennifer Allen I think the main unanswered question here is are you after the extra cash flow or are you trying to improve your retirement account?

It is near my current residence and work.I hope I can find help/advice/tips and network through this site and in time return the favor as I grow and improve in this endeavor.Sorry for the essay!

-- Start with your last tax returns: take the amounts for property, capital improvements etc, depreciation and enter a journal entry. -- Add your loans balances as of 12-31-2013--Any money your borrowed or you invested 

If the property is in maryland , you may have recourse thru the Md home improvement commission .

Also is the LTV on purchase price or appraisal or improved value?

They should be able to give you comps in the area and (especially the appraiser) should be able to give a ballpark figure for what it would be worth with the improvements you're planning to make.

Sorry for the delay, but we just hired another developer to the team who will be focused on fixing and improving the app.  

In the commercial business, this would be referred to as tenant improvements (TIs).  

If It were used to improve the collateral I could see maybe some more flexibility.  

It was a great experience and I came away with three pages of new ideas on how to improve my business.As for your questions:Some general questions:What is attracting you to this asset class opposed to others?