With that said I have some on beachfront properties for over 3 yrs with no issues, but I had issues on some on my mountain properties. 

These all require applicants to submit an acceptable Letter of Explanation addressing each specific issue and occurrence.Public RecordsWe also obtain data from national databases about evictions, convictions, and sex-offender histories.

So many variables can turn a deal sideways from 1 hour to the next - i.e. inspection findings, title issues, contracts, financing issues, taxes, dept. of buildings/local municipalities, etc.I'm glad to hear you made it through the challenges, and it sounds like you'll be able to leverage this experience as you grow your portfolio.All the best to you along your journey!

Insurance is something you don't need until you need it....In my market the city requires a certain kind of policy in order to have your permit issued. 

.✅ Understand eviction costs and legal processes in case of tenant issues.5.

When that tenant becomes an issue (and if they're not paying rent, they will become an issue) he can then simply tell the tenant that he's going to file eviction papers if they don't move voluntarily.  

I am having the exact same issue right now.

Hi I am looking for HELOC on a primary SFH...speaking with some lenders I've run into two issues....(1) some won't give you credit for rental income if you haven't owned the property for two years (show two years of stable rental income) which can skew your DTI unfavorably (2) one lender said they don't give a HELOC if a borrower is carrying more than 6 mortgages.Would anyone have any leads for a potential lender?

@Treza Edwards how is Pest Control NOT a Repairs/Maintenance issue?

No problem if the salary structure is the same, but if there is any sort of commission income involved, and you need that commission income to qualify for the refi then waiting could cause issues.