They might not even cover it if they know it is a rental.

With $19K invested and a $71K purchase price, your cash-on-cash return should be strong if the rental income covers expenses and leaves room for profit.

For further learning, here are some solid bookkeeping books that can enhance your knowledge:"The Book on Managing Rental Properties" by Brandon Turner – This book covers not just the property management aspect but also has sections on bookkeeping and managing finances."

Using your example:ARV = $250K75% of ARV = $187.5KSo, theoretically, you could refinance up to $187.5K, which would cover your $150K (purchase + reno costs) and leave $37.5K in equity.

We have many accounts to cover my day job, our properties and our personal finance. 

I'm interested in everyone's opinions on using a HELOC to purchase turn-key rentals for the short term and covering principal paydown across all new mortgages / loans ( HELOC ) through excess income. 

They find housing on own that can be covered by insurance if home uninhabitable and it is due to covered loss. 

These require a minimum of $300-$335k cash to cover the downpayment, closing costs, and having a healthy budget for professional design/amenities.Tier 2 range in price but most fall between $530k-$650k.  

You'll have a deposit and you can file a claim for anything not covered.

Can I use her security deposit to cover these legal fees I've incurred due to her not moving out?