That would be the bottom end of who could be a B class tenant in my area. 

.#3 Chances are you will never buy a $500,000 property for $30,000. 

So the property owner can never sell?

It’s a common practice and I’ve never had any opposition to this provision.If you don’t have an operating company, you could get into contract in your own name and then assign it.  

Off street parking is typically more important for high end/expensive rentals.

So to that end they are new to the game never went through a deep downturn cycle.

Reason is a Heloc generally carries a higher rate on a shorter term and "Can Never" be used as an "Asset, or for PITI reserves" which are both required when you buy an investment property. 

They have never run out.  

Is Real Estate Bees a legitimate and good source for leads? 

Good luck with getting this tenant to accept higher rent, because you've trained your tenant to think they have a "mortgage payment" that never goes up!