Meaning it's great, but the real wealth comes from equity.Once you get to the question when is enough enough and you ponder exit strategies, then keeping your tapping into your equity by keeping the leverage flat is huge.

I've pondered this basically your the contractor and I would lien the property for reno, and other funds invested Need to be more on top of licenses, insurance etc. 

Now I have to give my little girl a home so thank you for the advice. 

Most C neighborhoods don’t have brothels, and if they do, they are discrete and the girls are pretty.Bottom line: You bought into an F neighborhood, not a C neighborhood.

So yeah, the dogma makes perfect sense, only problem is too few ponder on "for WHOM". 

@Jack Forester great question. pondering along the same lines myself as far as escrowing the rehab money.

Technically this girl was still on a lease and if she showed back up after I had changed the locks I figure I might have been in trouble.

That is a question to be pondered isn't it.Experienced?

The hundreds of scenarios and moving parts are never pondered.

We decided to do this to help these girls due to current high cost of studio apartments in the Lakewood Ranch area...so we will actually probably be taking a slight loss, but we will be paying down our loan.