Otherwise, savvy "professional tenants" will wait until you file a dispossessory suit on them, and then make a tiny token payment.

Tish,Thanks for your response - I discussed only making the house a 3/2 and fixing up that bathroom but my wife thought the on-suite master was critical, part of me agrees Was considering painting the cabinets as well.

I'm curious, do you use another metric to take into account the time value of your money alongside CoC return or have you found that CoC return has suited you well enough even without that factor?

Are there any apps or software you wish you had, and if so for what in real estate, or is everything perfect and suits your needs?

ActiceCampaign has a much more advanced automation suite if thats a direction you would like to move in

This leads me to believe the mortgage is the better option. exactly. confirm the terms before you lock either one down, but I've been in lending my whole career, these things are fairly standard. if you take the heloc your payments will obliterate any chance of cash flow. mortgage is better suited for that

Sure you can suit everybody, show you paid professionals, and did your best and correct anything that was done incorrectly but if it wasn’t fraud there should be minimal consequences. 

My agent seems to think a conventional is better suited for me.4.

This would be your detached garage / in-law suite type use.

Bottom line, decide on your engagement and risk level first, and then look for an investment type that suits your needs best!