If you have a tenant that doesn't pay and you have to evict, you might lose 3 to 5 months of rent payments plus have make ready costs of 5k to 6k depending on what they do.   

This section of the guide helps me to better understand how you can use the www.mysmartmove.com in conjunction with other forms of background checking:The Tenant Credit Report: The tenant credit report will contain a wealth of information related to the tenants credit history, including a detailed list of all the tenant’s open or closed credit cards, car payments, monetary judgements, late payments, and more.

Some other banks will tell you 40% to manage your expectations but if you have a good credit and a the deal makes sense, the down payment shouldn't be above 30%.As to the managing of properties, if you can self-manage out-of-state in the US, there are no reasons as to why you couldn't do it internationally too and some investors do.

Finding contractors you can trust to show up and complete the work.

You have a payment once you borrow against it, but not before. 

I do not trust unemployment numbers and a lot of the data from the government so we use what we see in front of us. 

If My father and I use the heloc to fund the repairs; I'm concerned to have payments on a heloc as well as giving up all the cash flow for a period of time.

I would connect with a property manager that is trusted and has experience in the area. 

If you need the lawyer's name let me know.So now I'm sitting on owning an empty lot and still making loan payments.

The limits are not high at first, but they can build with good utilization and payment history.