Of course they will already have a file on you, so the recheck process is pretty easy and just involves updating new information.

Escape clause is as easy as finding something unexpected that pushes the rehab budget too far.

If you haven't I would talk to @Tim Swierczek, he is an expert in financing.Duluth is an interesting area, I imagine multi-family properties aren't as easy to comp as there are so many cheap ones available. 

I understand that this journey will not be easy, but I'd rather struggle and work hard towards my future rather than someone else's.

Is it easy to make a flexible lease to allow tenant to move out any time they want? 

As easy as this sounds, it's not simple and usually like pulling teeth.

Each step is not easy for me, however, for the benefit of use the $250,000 LOC over and over, this risk is worth to take, and I need to buy and read more books, and lay out a detailed plan before putting into action.Thanks again,Yuqi

When inhaled, diacetyl causes bronchiolitis obliterans - more commonly referred to as "popcorn lung" - a scarring of the tiny air sacs in the lungs resulting in the thickening and narrowing of the airways.Not something you want in the air especially with other employees or tenants living there in a multifamily situation

I'm not at all suggesting it's easy to do with all leads.I'd be interested in connecting sometime.

Now I know that that equation is pretty easy and it’s just a ratio of income/dollars spent, but the harder question is......should I do either?