I've never actually seen a HELOC where the bank restricts what you can use the money for. 

They were very unhappy they had spent the money with TurboTenant and it is apparently not communicated that not all property managers/landlords will accept TurboTenant applications (which is true for the ones they haven't noticed are not using the TurboTenant applications apparently, which was us, until today).

In the residential world, some requirements are relaxed comparing to commercial so it's up to you whether you want to spend the money to have a better planning versus skip the planning and perform the work impromptu.

With Current interest rate, would be wise to pay cash, specially if you're in a position to do so.

I advise telling them it took a lot more money than it actually took to construct.

That appreciation upon exit is where the real money gets made, and that cash flow is simply a little gravy along along the way.  

Two months later, the investment of time and money paid off in a huge way.

There is no easy money.

I can also get a Home Equity Loan from Better Mortgage for another $70k and then sell which would reduce the taxable amount to about $130kCurious on thoughts from others if you would prefer to try and rent it out again or sell and allocate the money elsewhere. 

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