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Thanks Terry, Just following on a little from this - if a treatment for say, termites was necessary, could this be paid for using the LOC as described earlier? I suppose I'm thinking that it's not an 'everyday' type of expense/repair to keep the tenants happy but it also doesn't sound like a...

Hi Folks, I am just wondering if a LOC that is set up for investment purposes can be used to pay an expense such as a building and pest inspection? I understand that the inspection itself is a capital cost (added to the cost base of the property) but would like to know this: If a LOC is used...