I’m trying to keep things moving, but this $20K requirement is throwing a wrench in my plans.

By understanding the costs you may encounter upfront, you can take control of the process.Here are just a few things experts say you should be thinking about as you plan ahead.1.

They simply plan on you being a pushover and letting them get away with it. 

The insurance agency I work with is having trouble finding a company that understands that type of policy and also offers it.  

How did you get the insurance so low - it works out to $1,253 per month for all properties.

I actually like them because the homeowners' association (HOA) usually covers most of the insurance, and there is very little maintenance required.

Just keep in mind that using that emergency fund to buy your next property and having tapped a HELOC already may leave you in a bad spot if you run into a similar problem again.Also, I’m not 100% sure, but I have heard that personal loans don’t your credit more so than other types of debt so be sure you look into that if you go the personal loans route and then planned to finance your next purchase soon after.

Dig deep into tax strategy, tax efficiency, etc  Learn about estate planning. 

Years ago, being a property manager was what I planned on doing for my retirement gig.

Before you close, can the rent from your buddy and the midterm tenant cover your mortgage, taxes, insurance, plus a bit extra?