Taking the equity out of it would give you purchasing power to reinvest it in another property which yields more cash flow and appreciation. 

I was wondering, who in the power team ensures that these codes are met?

Who has the power of attorney?

Combine that with my 10 month old son and my fiancée, his stay at home mom, and you can see why such a powerful investment vehicle was so attractive to me.From the research that I’ve done so far, I’m very interested in the BRRRR method.

Knowledge is power in the world. 

It was nice to get such a direct response so quick, and actually, have the purchasing power for once.

In other words, is there an easier way of doing it without doing a new power of attorney for every individual transaction?

I wasn't sure if having a tenant in there would make a difficult for an appraiser to come out or the process in general but then again, I know rental income can be used as purchasing power, just didn't know the seasoning period length exactly for most lenders in NC. 

I am also looking to create a power team consisting of a RE agent familiar with investment properties, rehabbing and rental properties, a visionary property manager not afraid to take on challenging properties and an efficient General contractor.

A family member is the power of Attorney over the house but she is afraid to sell the house because she isn't sure if Medicaid will be taking away from family member.