So my offer on a property was just accepted and now I need to work out what my rehab budget should be.

Recently I had a tenant that had heart valve surgery, she is living in a fixed income and I had to work out a payment plan over 12 months to accommodate her in this difficult time.

Bianca: We live with our parents.Me: Unfortunately, this won't work out.

If they won't be able to keep up with the rent, they call and work out a moving plan.I've been able to avoid evictions and make reasonable arrangements with most tenants even when I've needed to non-renew leases due to problem behaviors.

Honestly, either the cash out or the HELOC will work out ok.

The tenants if al things are equal could just move down the road and leave your property.If however this is one of the last few remaining properties in the area that has not been converted away from landlord paid utility then it might work out well as the tenants for the area are conditioned to it.

As beautiful as the idea may seem the logistics did not work out.

If you are thinking future appreciation, these parks are even hosting morning yoga events.  

Communication had been very open the whole time and we agreed that when they were able to secure employment we would work out a repayment schedule.

It is extremely important to work out your exit plan for the short term cash before you go into the deal.