Esprit: Please tell me I’m right for not wanting to renew the lease.

I did make sure they got the utilities switched over in to their name which took a few days.All in all, it was maybe 7-10 days left in august by the time they got all the utilities switched etc.

@Keith Angell I'd say you are on the right track with the HELOC. 

However, this is not a cash out refi.Cash out refi is when you refinance an existing loan, with another one (i.e replace the loan) where there is enough money left over at the end of the process where you can put some proceeds in your pocket.When it comes to your strategy - just make sure you're being conservative with your numbers on the purchase / rehab if you don't plan on using other proceeds to payoff the HELOC. 

They develop, they build, they finance, they property manage, they will have HAO, cleaning crew etc. etc. etc. so the subsidiary companies make money every step of the way.From investor perspective: The investor pay $15 K to reserve the right to purchase 25 multiplex over the year of next 5 years. 5 each year.

Some commuters to Dallas, because rent is cheaper in Sherman than Dallas.As far as DFW metroplex goes, probably one of my favorite cities for investment right now.My thought is look at newer homes vs the 100 year old ones. 

Hi Philip,You've come to the right place. 

Is it right that short term rentals are considered as licensing the property for use (similar to a hotel) and not a lease for a long term rental and therefore do not require a brokerage license to provide management services that include price adjustments? 

@Bob Stevens I meant, you're pulling comps as part of your process to analyze a deal, right?

Our home is located in a great neighborhood, right next to excellent schools, close to several hospitals, and other amenities.