So either you pay for the repair out of the idle cash in your account, file an insurance claim and use those funds, or rollover/transfer funds from another retirement account to cover the cost. 

During this renovation period would you, as the lender, want an Actual Cash Value or Full Repair Cost policy in place?

Hey Denny - For rehab costs, a good place to start is breaking things down room by room and getting rough estimates for common repairs like the roof, HVAC, kitchen, light cosmetics, etc.

Paying for vehicles or gas = ?

Other than the repairs needed of course

What are the odds of a vehicle accident resulting in a settlement greater than vehicle liability will cover?

Quote from @Mary Jay: Quote from @Jay Hurst: Quote from @Mary Jay: hi guys,so I have a lot of equity in one of my rentals but the interest rates are super low on it. so I dont want to do a cash out refinance on it because I dont want to lose the 3% interest rate on it.I want to get some cash out of it via Heloc or another vehicle,  so I could buy another rental, but its not my primary, so I cant get a HELOC on it from lots of banks....I think PenFed does helocs on rentals, but because I have more than 5 rentals, I dont qualify for their HELOC loan.IS there a bank that would give a HELOC/cash on a rental?

Sharing this idea in case others can comment on it.Hi @Joaquin Camarasa, hope everything is fine.Investing with a vehicle like a Spanish SL (equivalent of an LLC in the US) would be interesting to research as from that moment it doesn't matter if you are a US citizen or living still in the US.

And if it had flooded it would be more than $5,000 for the repairs.

The remainder is primarily in annuities, bonds and cash related vehicles.