We have even first-responder equipment ready (carpet fans, dehumidifier, puddle sucker pump etc) to deal with the issue quickly and curb the damage, before we get the contractors in to do the repairs.

I appreciate your time in answering me so quickly!

After a quick search it seems like Baselane is a good option, does anyone have experience with it?

All that said, you are probably going to get better returns than I get in my safe/conservative areas. 

And this adds up quickly since the IRS makes you pay that depreciation back when you sell.

May need a little rate buy down but in the long run it is much better to raise your rate 1% to 1.5% versus taking a Heoc rate above 8%.The whole point of taking cash out is its quick and you avoid having the associated risks that come with a Heloc.

They are always super quick to respond to any questions and very helpful in general, making sure you have everything you need to make your job easier.

In the worst case, the property is offloaded as quickly as possible, pay off LOC and take whatever profit there is and go to the next investment.

I’ve seen deals like this before where a seller needed quick cash but was still emotionally tied to the place.

You’ll want to get really familiar with local zoning laws, short-term rental rules, and landlord-tenant laws as they vary by town if you plan on going the STR route.Focus on Cash Flow Early On: You might be tempted to go for something that appreciates quickly, but in the early stages, it’s important to find properties that bring in cash flow.