Also with a little patience, with the huge rent growth that DC has, you will in time cash flow more in DC...it just takes patience.

We opened a HELOC on our home which we bought in 2012, but my guy at the bank either quit or was fired and didn't get the HELOC set up in time so the money wasn't ready when I needed it.

Plus you still have to add in time to market it and, if it goes under contract, the time in escrow.You also aren't getting a 500 sqft addition for an additional $50k if you care about quality. 

At this point in time you have not yet made any money.

Good locations, cash flow, value add, prudent debt, reserves.quality locations while they may not look best on paper usually out perform others in times of stress.One thing I think most of the " waiting for the bubble to burst crowd"s  fails to understand that if you do have a major correction the capital markets can correct right along with them .. so while credit is relatively easy right now for mom and pop get into buying a few rentals folks.. this may not be the case..

La Pine is maybe stuck in time a bit but its certainly has plenty to be enjoyed.  

For example, if you invest in a property that may have environmental concerns you run the risk of not closing in time.

For the best quality tenant you should be looking for someone to move in for June 1st at this point in time.

Then we have two traditional loans in process- but neither will close in time.

@Aaron Moore You can always stop an eviction process if you need to, but you can't go back in time and start it.Odds on you will end up evicting them based on the situation you've described.