Not having enough reserves is hurting a lot of operators right now.You can always implement Ratio Billing for the utilities and bill back.Be careful with unit sizes, and if there is central air or PTAC systems when getting market rental comps.Looks like you've got an opportunityGino

We had to throw away many items stored down there due to mold growth.

@Ben StanleyI would assume you get zero revenue from anyone else and be able to afford the home yourself by getting qualified at a local lenderIf you are solely relying on someone else as well without a reserve your level of risk just increased significantly

Lastly a Heloc will "Never" act as an asset or PITI reserve so if you fail to have sufficient funds required in reserves (Cash) then your will not buy multiple investment rentals.

That leaves your reservation payout with a balance of $94.75. 

My phone was stolen at a convenience store at the convenience store that the condo manager recommended. 

So if the bank reserves $100k and gets title then sells the REO for $120k the redeeming party owes the $120k.  

- Current income- Hope of price appreciation- Vacation home to go to- Future retirement home- Store of value/hedge against inflation- Generational gift to the family- Alternative to traditional retirement investmentsI'll go first. 

If you can pay less than rent, and if you have sufficient reserves, that's the way to go. 

I understand that with SFRs, my rent, maintenance, and taxes will be more but that is all factored in.My reservations with the SFRs are rising insurance and property taxes.