Make sure any lease agreement you use complies with Arizona's landlord-tenant laws, including required disclosures (like bed bug information, for example).If you're unsure, consulting with a local real estate attorney to review the agreement can provide peace of mind and ensure you're fully protected.

Just recently got hit with a 10K sewer line repair.

The bottom line is that past performance is no indication of future returns.

Most banks won't want to come in with a line of credit that is second lien on the property.

Aggressive pricing is necessary to achieve this, so it's important to ensure the property is realistically priced in line with market standards, which often is not necessarily what you're hoping to sell for. 

Alpesh,No bank or lender is going to give you a Home Equity Line of Credit If your property is under a LLC. your ratios is too risky at this present time.

One lot has a 2 bed and one bath cottage that was an existing STR. 

At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.

Would I be on the line for paying these overdue bills upon purchasing?

Building a cabin in a tourist destination that does not have easy access to gas or electric.So I will need to run electric line anyway and considering installing underground propane tank, is it worth it?