I haven't had that happen, but I might suggest you try to get a fresh HELOC elsewhere based on the improved valuation of the property.

May have to improve the property to justify an increase.

We used relatively modest capital improvements ($30K) and maintenance (5% of gross-does not include salaries) because we dont plan on using any of the income from the property for at least 3 yrs. i.e. everything we make will most likely be put right back into the property.We are a little nervous because it doubles our current operations and will now invole a partner full-time.

You have more of an issue if there is no improvement the tenants see when you come in as a new landlord.

When that happens, find a lawyer and a CPA familiar with that world and let them help you navigate the waters.As a strategy, high leverage can be a good thing when you are starting out, but once you reach critical mass, it becomes an albatross around your neck.If your planning shows you need the income from 40 sfh rentals to support you through retirement you want those paid for as soon as possible after purchase.With each paid for house you do two things, you improve your financial strength going into any future deal and you reduce the real risk you face when things don't go as planned.A couple of years ago, we had the start of a major real estate correction.

If the owner has been out over the term or from the date notice was given the chance or risk drops that work was authorized or that the owner made improvements, but it can happen when an owner tries to improve things to sell the property.

I formulated a 2 year plan to save 20k , improve my credit and acquire all the knowledge I possibly can.

Driveway other land improvements over 15 years.

This terrible situation is now being addressed and will be vastly improved over the next couple of years.

Plus the improvements I make to the house make their security even stronger.