Water damage never happens in small amounts, until its noticed and by that point it's typically a larger job than $1200. 

Termination of a month-to-month tenancy is typically controlled by state statute.

They're typically more expensive than a bank or conventional financing but can close much faster and tend to accept borrowers who can't achieve bank financing.

If a tenant passes your requirements—credit score, income, background checks, and landlord/job verification—then I typically charge just the security deposit plus the first month’s rent.

MTR typically requires you to furnish the place.

The appraiser does not have a purchase price to reference, so they will typically be conservative.

Your property management company should be doing their due diligence to check on vacant units regularly, especially after a certain period, and keeping you informed during the vacancy.Unfortunately, when it comes to damages caused by a squatter, those typically fall on the property owner, unless your management agreement specifies otherwise (it likely does not).

I typically sell single family houses as Turnkey's to investors from California and to offset the profit by buying into an apartment complex to get the tax write offs makes a good deal of sense.

@Abel Eskinder since you're out of the country, you'll probably want to give some thought to our copy & paste info below:-------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

@Ashley AndersonTypically a HELOC and HEL are second mortgages and they can be a good way to access capital to invest, but the problem with using them is the interest rate is typically even higher than the debt you can get on the new purchase, so they might not be a great idea unless you plan to aggressively pay them down when you use them.