If I were you I would house hack in RI, specifically in Providence in as good an area as you can afford. 

So far, I've rated Evergreen and FCI lowest based on a number of reviews on different platforms that have consistent negative reviews mentioning certain specific issues that I find concerning (this is after accounting for the inevitable disgruntled customer/borrower who gets unjustifiably upset).Are you able to share any of your information?  

If you don't like your current PMC, analyze specifically WHY and then go interview others and find out how they will address your current issues.

if you have an LLC and both properties are under it, you just need 1 operating account.If both are under your personal, 1 bank account specifically for the rental is enough for operating.Security Deposits should always be a separate account altogether.

If you are going to be doing the rehab work in exchange for equity then that value needs to be determined up front with a specific timeline that you have to adhere to in order to earn your equity.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

First start with a scope of work outlining in specific detail everything from work hours, who provides dumpsters and what is getting done room by room.

I 100% would keep the money if they do not check in.Your question specifically - We do not pay our cleaners for any scheduled non-cleans. 

HELOCs are specifically helpful in this case so long as you are consistent with paying it back in a timely manner for the next transaction.

It’s worth reaching out to your lender to discuss the specifics and get a quote based on your improved property value.