Box solely for the purpose of collecting rent but I do suggest having one and if nothing else works use it for rent collections but I would Electronic payments or bank deposits before doing mail.

The rules and payment standards vary significantly from one area to another, so familiarizing yourself with the local housing authority's procedures is key.

If they work independently, set their schedule, and use their resources, they might qualify as a 1099 contractor, but misclassification risks IRS penalties.Wages for W-2 employees and payments to 1099 contractors are both deductible business expenses, but compliance is key.This post does not create a CPA-Client relationship.

Will all of your vendors take a credit card as payment?

With the HELOC and then converting it to a term loan you will probably be paying higher interest and/or shorter amortization period on conversion which will mean higher monthly payments.

There are cases of local governments delaying payment due to budget constraints.

If you're using financing, evaluate how a rate hike could affect your payments.

The property will cash flow $500/mo or more after all expenses and cap ex reserves, as well as the payment on the SBLOC.

With my CFO clients, I generally assume a 35% operating expense margin (which excludes vacancy and mortgage payments) to start with and adjust from there.

"reinvesting the full proceeds without financing or using leverage to enhance returns is key"So I cannot use it as a down payment for buying a place with financing?