Tenant handles all utilities and lawncare.

Hi Wendy,Coming from a Banker in most cases the Heloc is a Line of credit you only pay on the amount you use and a Heloan is the bank/lender gives you all cash.Lets say you borrow $10K as a heloc and in the first few months you take out $1500.00 your payment is only going to be based off the $1500 and not the $10K because the rest in the line of credit (LOC) not being used - Same as a credit card.

Quote from @Cindy Young: Hi All - if anyone has rec'd CPA advice or knowledge regarding my question, thanking you in advance for response.  

First of all, welcome! 

Hi Bobby, I've been managing my rental properties all remotely.

Quote from @Trent Reeve: i would think they would have more amenities than a non-condo.I think the reference was how do you stand out from one condo to another when they are all identical, vs how do you compete with single family homes.

It all depends on how your agent is able to convey the reason of the contingency and negotiate with the listing agent (As listing agents, they want to mitigate risks for their clients as well).For Condos in the Bay Area, you could be exposed to higher risk because of the new SB326 Balcony Law.

I think the decision comes down to what makes most sense for all parties involved.

I tend to invest more in South Abilene and many in Wylie ISD but have seen investments produce good cash flow all over Abilene. 

Last summer I didn't see bookings all through the summer months, and typically by now I'd usually already most of march booked up, but not this year.