Will you potentially be more at peace if you sell and buy an investment property that you have never lived in personally?

@Dave Tasset I haven't personally invested with this company but have heard good things about then. 7e Investments, Chris posts frequently on BP.

This could give you the cash you need for the purchase and also eliminate your personal guarantee for the loans.

I will caution you that if they pull something like this and you immediately start offering any concessions as is repeatedly addressed above - this type of personality will make note of that and the threats will be ongoing for the duration of their tenancy.

Here in AZ you can look up the personal representative as they are appointed.

Would the person who takes on more labor to repair the property have greater preferred equity or is this usually treated differently?

My lease has a sublet fee (2 weeks is guest by lease more than 2 weeks in a year is sublet) that is costly enough ($100/night per person which is about what a cheaper hotel is here) that makes sure tenants do not have others move-in without informing us.

Personally, I like to target 30% equity retention in each deal.- Section 8 income isn't guaranteed.

I also use business lines of credit from banks, but for this banks definitely want to see revenue (usually 5-10x the amount of a mine they will give you).It is important to remember though that just because these lines and CCs are not immediately reported on your personal credit report, if you miss payments or default you are personally liable and the debtors will add it to your personal credit report.

I have been to a few of them personally its really something and the folks that own them are under the radar and make MILLIONS.