(FWIW,$8K on just the compressor seem excessive.)Otherwise, unless your contract with your GC says they will provide 24/7 surveillance, or you can prove the AC was never installed, you own the problem.If the property has been vacant for more than 30 days, most policies won't cover vandalism unless you have added a Builders Risk Addendum.

I highly recommend starting with a basic househack, easy barrier to entry and gives you a crash course in being a landlord who lives on site.

Since you put 5% down and the appraisal came in at $160K, your available equity might be limited since banks usually cap HELOCs at around 80-90% loan-to-value (LTV).

Commercial Loan How did you add value to the deal?

Establishing the LLC in IL first does not provide any additional benefits in this scenario.

How did you add value to the deal?

Lease: I used the lease provided by the Bigger Pockets podcast.  

I purchased all at $300 each and am thinking of placing cashflowing assets on them instead of reselling them, since resell value is around $1200-$3000 each. 

I am currently in my junior year of high school, and I have all AICE and AP classes, which allows me to get a full ride to college.

I'm a local youth pastor in MN and I'm looking into getting started in real estate so that I can provide extra income for my growing family.