So my tenants  told me they have been emptying the washing machine into the sump pump past 6 months (As opposed to in the shower. )several circuit breakers stopped working and the electrician just told me It’s because  because the sump pump circuit breaker shorted. 

If you decide to stop doing business with them, they will supposedly return the full $500.* = They also charge 50% of one month's rent to place a tenant.

The key to is that you must stop most or all your banking elsewhere and now start banking in the HELOC. 

At this point when I start podcast if it’s not David Greene talking I stop and find another real estate podcast.   

But depending on the nature of your tenant they may just opt to stop paying rent, walk,  and see if you chase after them - to which the usual answer is: it probably isn't worth it.So what we do is say, "Look - the lease says 2 months -but really we just don't want to be out any rent.  

Any REI advice or recommendations for newbies are welcome and appreciated.Criteria:Location - We'd like to get our feet wet locally in WI but open to venture out if it makes senseProperty Type - SFH, MultifamilyProperty Condition - Turnkey & Cosmetic repairsInvestment Strategy - Buy & Hold, MTR

This way you can begin to premarket the property before the rental income stops.

We expect it to gross $4,000 - $5,000/mo which would cover my entire PITI.What's stopping you from adding that ADU?

Good luck with your venture. 

However, because Shellpoint has CONSISTENTLY FAILED to properly credit my accounts over and over, it is a non-stop string of emails stating I am past due, blah blah blah.