Hi All,I recently secured my second rental property using a HELOC and now I'm thinking about my next purchase.

If you want another layer of protection get an umbrella policy.You don't want to trigger the due on sale clause for a likely low interest mortgage.Also if you aren't operating your LLC 100% you likely only have a false sense of security. 

Do they have the necessary resources to stay on top of all the tax issues such as 1031 exchanges, 754 Step-Ups, etc.Feel free to send me a private message if you have any questions here.A couple articles you can read that will be helpful:https://www.biggerpockets.com/forums/51/topics/1206189-cost-...https://www.biggerpockets.com/forums/51/topics/1204912-how-t...

But IF the property in question is in compliance with all code, and provides a safe and secure environment, all problems are timely addressed and corrected, and the property is maintained on a professional level, then the investor who has a large capital investment in the property should be entitled to enforce any contracts providing him with the agreed to cash flow. 

The court would typically write down the secured note amount to no higher than the appraised value, with the balance of the amount owed being placed in the unsecured creditor status.  

Private Money.

I do a lot of direct bookings that take security deposits, but with Airbnb, they are always tough.

Purchase price: $164,000 Cash invested: $10,000 Sale price: $260,000 I purchased a townhome in an up-and-coming neighborhood with a lot of public and private investment in the Atlanta area.

But all of these investments operate under highly regulated and constrained exemptions to securities law, and I have been told it is very difficult to do the above legally.

The letter confirms the amount of security deposit and the "paid through" date for rents.