Maybe have a decent sized pool of cash to take care of the occasional roof repair or personal expense, but almost entirely in real estate?

A HELOC will not allow you to deduct I believe on the interest unless the money is utilized for repairs on your primary residence and not to buy another home. 

Also want to add that she had multiple violations such as having a dog with her while her contract states no pets and she was contacting repair facilities and acting as my agent or pretending to be a property owner and interfering with repair process. 

I'd two project worked with Robert Mincey, 1.For one project it have serious defect that scares my buyers away, when I ask him for the repair, he told me that I did the sabotage to the property myself, and he owns 0 responsibility for the repair and warranty2.For another project I wanna to fire him but he states I owns him more than $5K even though I already paid him 200% over what he had completed.

Do we want every phone call going to a designated person and they can contact our handyman etc - OR - do we want to continue taking these calls?

I use Executive Villas and they just charged me $500 to repair some table legs and replace the batteries on a remote.

You may need to safeguard the collateral, make emergency repairs, pay for legal notices and filings.

if you ever have a major repair, or an eviction, or a major turnover, you may need to be a little more 'active.'

I am open to a phone call if you want to talk more about this.Good luck Amy!!! 

Once you find a potential tenant, you have to go through a Housing Quality Standards (HQS) inspection, which can take a while and may require some repairs or tweaks to pass.