For further learning, here are some solid bookkeeping books that can enhance your knowledge:"The Book on Managing Rental Properties" by Brandon Turner – This book covers not just the property management aspect but also has sections on bookkeeping and managing finances."

Would your rental income cover all of that, and if not would you have reserves on hand to handle that?

I'm interested in everyone's opinions on using a HELOC to purchase turn-key rentals for the short term and covering principal paydown across all new mortgages / loans ( HELOC ) through excess income. 

They might not even cover it if they know it is a rental.

Rail roads he has got that covered. 

We have many accounts to cover my day job, our properties and our personal finance. 

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

You'll have a deposit and you can file a claim for anything not covered.

I "signed up" for the class just to see the entire process, but I delayed my deposit and any other funds for a few days to figure out all of their angles.I picked up on a few things myself:1) The Fortune 500 cover and article that our mentor "Jason" mentioned on Day 1 was to establish his credibility.

But these days, it’s hard to find decent properties where the numbers work as far as covering the debt service with rental income.