You’ll learn all the basic of owning rental property with a pretty minimum exposure.

Here are the basics:* 13 units today with significant cosmetic and infrastructure work required throughout.* Part of the rehab includes building out 4 additional units in an old common area.* We're 5 months into rehab, and we plan to begin renting the first completed units mid-Sept.* Overall timeline (including build out of new units) runs to late 2019.* In the end, the #'s pencil, but capital available for rehab will likely result in slower progress toward until rehab completion.And now the question(s)...1) Does it make sense to refinance at some notional midpoint in the rehab? 

Think of it like a credit card....because that's basically what it is....except it's against your home. 

It's a replacement plan, basically like home insurance.Has anyone used this?

Understanding these concepts is one thing, but the key will always be execution.

That is not living large but it covers my basic living expenses.

So basically I'm not gonna get rich off this deal but I thought I would put it out here and get some feedback.. 

He basically told me to save up some money and try again.

Found an article on huffingtonpost.com and thought it would be great to share here! What have been your experiences? Do you think these tips are on "point"?

Basically it allows you to get into a property for 15-25% of the ARV once you go through the rehab and refinance.