Here's an updated review of our current financial results: Purchase price: $95,000Closing purchase costs: $8,000Rehab costs: $41,000Holding costs (interest, utilities, taxes, etc): $5,000TOTAL COSTS: $149,000Target After Repair Value (ARV): $215,000For rehab, while we will do some of the work ourselves, ideally we are outsourcing all of this to contractors so that we can focus on the business side of the project.But we have to have some fun ourselves! 

The properties you are likely seeing in these markets usually do not have separately metered utilities.

Im excited to gain more knowledge from reading and interacting in this forum on these topics and can't wait to make my first investment.

I worked largely in the service industry for many years and there are so many things I love about interacting with people on that level.

Even better if the tenant has had the utilities cut off for non payment the the house is not habitable and I just call code enforcement and they can have them out in 48 hours. 

She thinks she is getting money back I don’t know why as she left the unit trashed, broken screens, lease required yard work undone, unpaid utility bills ect, ect....itemization shows she owes me $110.xx.  

I've read that you can borrow against 50%+ of your assets at LIBOR + Spread; Interactive Brokers allows for this but it's a margin line that can be called (at the worst time)How do you go about pledging assets to get a non-callable credit line for RE?

I will be giving him the reigns to handle and manage the work being done (Paint, flooring, light framing to add a kitchenette, separating utilities, and various finishes). 

One can then utilize this credit line to purchase RE and achieve higher CoC with the advantages of appreciation, depreciation (reduction of taxes) and interest deduction.Banks lend at very favourable rates for RE since they have collateral to lend against - which isn't the case with other types of investments.

Interactive Brokers offers a 2.2% loan, but the call happens automaticallyHas anyone managed to secure a line of credit WITHOUT it being callable?