Hello:I am sure you you could find lenders who would.If you pre-identify a property you may find a lender willing to lend only on that property, up to some max.Also, if you had a general line of credit with a lender, you could certainly draw on those funds.However, overall it would be more complex than just your standard mortgage.Bob

Also, it requires going through the P&L line by line to ensure that these are correct (for purchasing) and in line with what is realistic (for making changes when you are the Owner/Operator.)If you've looked at a lot of Facilities, you may have a good idea as to what the "going rate" is in that market for these line items.Also, Minico puts out a guide to underwriting self storage every year with industry norms across the nation on all of the expense categories.I hope this helps.

I assume that is why the changes did not impact the bottom line....

As I said before, everyone uses the same guide lines so bouncing from one to the next will just lower your credit score.

So, I watch "A Few Good Men" and laugh at Jack when he cries out his famous line.

I have no immediate plans on reaching the Texas market yet but I love Austin so maybe we can do something down the line!

Just go straight line 27.5 years.Unfortunately all tax pros are suoer busy right now so your stuck with street guys like me. 

For whatever its worth, I have been through the rough times and I would suggest you keep a portion o the equity line open and not used. like atleast half.

It’s more that I’m already on the 20 yard line, but to hire a new realtor today means they’re getting paid to drive the whole field.

Hopefully I can help a little.So, the way we think about your question is treating your HELOC payment more as a 'holding cost' that counts against your rehab budget, as more than likely, your HELOC balance should be re-payed back down to zero, once you achieve the rehab and cash out refinance / convert the stuff to the long term fixed rate financing.Part of the benefit of thinking of it this way, is that the HELOC payment is temporary while you use that revolving line of credit.