You'll give him six months probation period but expect a notice to vacate if he's late again and offer a new lease if he fixes his ways.

Use the HELOC funds for another investment strategy such as funding fix and flip projects.

Basically the city sends their own inspector out who compiles a list of items that are required to be fixed usually within 3-6 months of taking ownership. 

Hi all, first time poster trying to learn before I buy my first rental property.  Question is, if I have the means to put a high enough down payment on a house to be cash flow positive (assuming my expense estimates a...

Your 1031 will have to be for the net selling price, not just the amount you clear after paying off any debt. 

Quote from @David Martoyan: You will always have a high amount of competition for real estate and real estate investors.

Can you post a property with an ADU and the recently appraised amount?  

Whether or not you get the high end of that dollar amount, is based on the quality of what you are renting. 

Except I'm a lot older now, and have a decent amount of cash with a blank slate.

I did this in the MS market and while the advantages you pointed out were true.. markets that have slow appreciation and or areas where builders can keep building for low dollar amounts like the mid west.