The terms are a 15 year draw period, 90% LTV and prime -.25% rate.

The opportunity to make some improvements that would boost rents was a big draw.

Are you still in your draw period for that HELOC?

Yes, I've had an attorney draw up a lease agreement, but figured I would take this particular question to the forum.

I’ve got a mixed use property that we are in the middle putting together engineered drawings to add 6 apartments to it and getting an appraisal to free up money for the buildout.

Folks move in who don't need space anyway and benefit from an on-premises on-call nursing stationI've researched shipping containers only slightly but feel that or assisted living could be a draw for this type of housing community.

What I would do is pay the Operating LLC a Management Fee from each LLC to do the  Property Management for the other LLC's, create a salary or a draw from that LLC so you create an actual profitable entity.

The trick is deciding where to draw your lines.

There are properties with "polluted title."   

My only concern is he doesn’t have an agent and all the documents he draws up himself.