*Note: There IS an "average daily balance" aspect of using your HELOC as a checking account that can have a marginal effect on pay down time, but that is separate from the current discussion at hand.

Will it need a bit of paint, will it rent immediately, will you get 0 days downtime?

An extra months rent just covers the commish to pay the realtor; you still need to account for wear and tear, down time, possible repairs if any, etc. and we're not even considering the cost of eviction yet...

You typically get a leasing broker and they take a pretty big cut and their may be some down time in the vacant unit due to tenant improvements as well as waiting to find the right tenant.

If you allow yourself down time, you'll surely get it.

If it was advertised to include internet and you had it the next day what was the down time for you? 

I know many landlords want no downtime whatsoever, and that's great for some people but I just can't see how it would work for me. 

If the tenant can pay your losses (and downtime), then they can pay the judgement.

I have actually sold that very house you are in and while I don't normally service that county we should be able to get it rented to a good tenant with little to no down time.

If their deposit covers downtime and make ready, call it a wash and move on.