You can generally perform a no-cash out refi immediately upon closing. 

@Michael TungHi Michael,Yes in theory a foreigner can do a 1031 exchange for US purposes, but the issue arises in the country of residence.If you are a tax resident of Canada for example while you can perform a 1031 exchange In the US it does not make sense as you would still need to report the gain on your Canadian tax return.

The case law (including both “Section 162 case law” and especially “non-Section 162 case law” pretty much said the following:1) Work performed by others for you counts towards determining whether or not you have a business.

. * THERE HAvE BEen SoME IMPROVeMENTS, BUT SME IF THESE ARE REAlLY ANNoYING (NOTE THE CAPS LOCK ISSUe :)(This is on iOS).

Our conclusion is also not surprising; if you want a high yielding performing note then negotiate a deal with the delinquent borrower before you purchase the note (if you can’t then don’t purchase the note!)

We set aside a portion of our gross rents each month (usually 15-20%) in a capital improvement account and then we can use that account to fund repairs like roofs, AC units, remodel of kitchens or bathrooms, new appliances etc.You will always find something to spend on , I would spend some time to prioritize your capital spending, and to plan ahead of time for big ticket items to keep your place in top condition.  

Often their position is a result of a lack of education and/or the desire to do what it takes to improve their situation.

I could buy a property with less than ideal tenants and hopefully improve that situation as a value-add.

Owner added $80-120k in improvement.

But both require knowledge about building rehab, improvement, and maintenance.