He will be bringing more construction/repair knowledge.

. $1.1 mil + equity in my property (no liens, and very good credit score)Since I am running a business on my first level of my home, I couldn’t find any financial institution to secure me a HELOC (apart from point.com which doesn’t seem a good deal for me)…apparently, the lenders don’t like mixed commercial/residential type of business (e.g. assisted living).

I appreciate the assistance.

I knew the condo association was reviewing bids  for an upcoming exterior paint job and repairing rotted wood.

I am also wondering, how do you calculate expenses like CapEx, Vacancy, Repairs, and Property Management(I guess property management would be just seeing how much it would cost with the management company you want to go with)?

Minus mortgage (30 years fix around 5%), taxes, insurance, property management company, maintenance, and repairs, you will end up with a few hundred dollars positive cash flow while building an equity. 

Now I have settled outside of Denver, CO and started my family here.I have fantastic tenants (a family of 5) who always pay on time and even do minor fixes and repairs themselves.

My question is this, since the tenant only had a $300 damage deposit how aggressively should we pursue this tenant to recoup some of the cost of repairing the damage?

I GC´d the repair and reno of our burnt out husk, and the insurance saw fit to put $130,000 into our house.So we get moved back in, lifes good.

House is worth about 200K after repairs