Sometimes the banks don't become cooperative until you get behind in payments.4) The Last Straw - If you have exhausted all other options then you might just have to walk away from the asset or depending on how your company is set up, you might have to file bankruptcy.  

Your docs should be adequate enough to withstand any challenge down the line or you risk losing your investment. 

My tenant is reporting faucet leaks and bathroom exhaust fans not working.  

OOS investing for me wouldn't be a matter of looking at something online and cutting someone a check, it would be more about finding an area I really really like, doing exhaustive research on any possible partners I'd considering working with and spending a considerable amount of time in that area vetting projects in people.

That has to be balanced by maintaining healthy cash reserves, having enough equity to withstand market fluctuations and rental property issues, and your ability and willingness to grow. 

I am not aware of one for VRBO/Homeaway so I do my own exhaustive searches to build competitive info.    

The metal plate would need to be installed with stand off supports so that an air space would be created between the plate and both the flue pipe and the combustible surface.

I know that there are other ways to gain financing, however I want to exhaust all of my options before I hit those other ways.What are your thoughts?

It's a better option than a tenant having their own fridge, not calling and ending up with standing water.

Those numbers can work but I agree about the lending being different after you have exhausted your FHA loans.