I personally collect a security deposit and get the damage protection waiver for added protection.

Are you going to supply the down payment and how much equity are you willing to give them?

Extensions may be granted for valid reasons, like needing more time to secure financing or complete due diligence.

The letter confirms the amount of security deposit and the "paid through" date for rents.

We would handle the guest communication, coordinating cleaning, minor repairs, stocking supplies, calendar management, etc.

How do you handle contractor schedules and supply chain slowdowns?

A Heloc can never be used as a PITI reserve, or an asset instead its a debt burden and an additional trade line on credit.A Heloc carries a higher risk when it comes to security meaning if you miss a payment even by mistake or for any reason, your scores drop, or your balances start to change your DTI or usage percentage.

You know your goal isn't to leave the 9-to-5, you have a great job with good scale and security.

@Jeremy HartwigYou are missing a lot of important data, such as median income of the area, rent comps in the area, what current values are.You are buying on actuals, but in many markets that have low supply and have a lot of demand, it makes it difficult buy based on actuals.

More secure and stable than an STR (also less competition) but you aren't in the red like you'd be with an LTR.