Numbers seemed excellent but, of course, going well over budget with improvements.

The house is in grave condition it was built in 1920 it needs a total face lift As always Rick H. gives excellent advice.

I think financing is an excellent way to grow your business, but to grow too fast without having reserves for the rainy days could be like you said in your article, disastrous.I'm currently exploring options to refi and cash out one of my free and clear because the property value jumped more than 100% of my purchase price + repair costs.I'm looking at: 1) acquiring another income generating free and clear with the proceeds2) trying a flip, and applying what I know about the planning, permit, and construction aspects to my advantage.Both are leveraging up, but with option one, I'd still have piece of mind that there isn't a big loan attached to it.

Over the past decade, I have become accustomed to a high standard of landlord excellence; they are the acknowledged best in the region and we really loved working with each other.My prospective PMs have a very different reputation, but they also have my house.

That is an excellent tool that I'm sure will be very useful in this forum.

Excellent response Ann Bellamy.

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excellent answer J Scott!

Mehran,I had excellent luck with this idea.

You may want to check those out here - they are both excellent and will help you out a ton!