They help you find short or mid term clients.

I have been learning about real estate investing for over 5 years and finally took the first big steps this year.I purchased a short term rental in Bellaire, MI. 

Then I plan on going back to my portfolio lender with 2 town homes and a duplex free and clear to pledge as collateral for around $600,000 in financing so I can go buy some more real estate.If you know what you are doing, this can be a very cheap and convenient source of short term capital.

Or as you mentioned, put on a spreadsheet with short and simple explanation.

We only found out that early in the lease because of several maintenance issues shortly after the tenant moved in and we have had to go back and forth with the owner for monies to pay certain invoices.

I email or text them once again to let them know in writing when I will be filing a forcible entry and detainer (eviction) action and let them know that time is short but they can still avoid the consequences of a damaging eviction filing.

thank you Sarah for reaching out, I will call you shortly to discuss further. 

People do have short memories.

His note seemed to indicate it was an unsecured line of credit so I wouldn't touch that with a 10-foot pole.The short answer is: everything is negotiable.  

It requires less money for a down payment and you can easily convert it to a rental in a short period of time.