I feel like I am asking for pretty good terms that would benefit him, and if he wants different terms, let me know.

The benefit to HELOCs is that you generally have an alloted time period where you are only required to make interest only payments (then it will be amortized after). 

I'm not entirely new to RE investing, just new to a program where someone else is doing most/if not all of the work and I'm benefiting, despite paying Kris's team to do part or all of the work.

@Jeremy Hartwig  As part of your due diligence, you may want to consider doing a no-cost estimate/pre-analysis of the potential tax benefits available.

@Larry Nielsen Sounds like a very long term tenant if their rent is that low and they've been reaping the benefits of it being low for at least the past 3 years.

If it's not included in the rent, many companies charge a flat fee to monitor & pay utilities.2) Assuming you're referring to resident benefit packages, renters insurance, and other charges for services the PMC offers to tenants. 

It will familiarize you with the basic terminology and benefits.

From the homes we manage here in Central Florida any benefit of your utility bill is negated by the financing of the panels.

You should speak with your accountant first to make sure a cost segregation will benefit you.

They have had talks about letting us approve members in the future but I'm not sure if it will happen or not.For us the benefits of higher cash flow outweigh the costs of evictions when they do come up.