Using a HELOC or home equity loan on your personal home could be a good option, especially if you can secure a low interest rate and manageable terms.

In 2018, we had a property turn and the net cost to you out of pocket was around $500 (costs to repair minus the security deposit that was returned to you.)

I know I need to hold the security deposit in an escrow account.  

Additionally, there’s always a risk that any pet-related damages could be hidden under furniture or otherwise concealed, potentially leaving us to cover the costs if the security deposit is fully depleted by other expenses (e.g., damages or unpaid rent).

HUD 4000.1 (I believe) is the latest HUD handbook and it goes over all requirements for originating the loan, including but not limited to occupancy requirements and exemptions.FHA occupancy : "At least one Borrower must occupy the Property within 60 Days of signing the security instrument and intend to continue occupancy for at least one year."

Ensuring a solid lease agreement and security deposit will help mitigate this.

However, i'll likely be looking at additional ways down the road to be even more secure for a backup what if scenario.  

He wanted me to paypal him 750 so that he would send the 20k needed to bridge the gap in the loan.The easiest way to spot a red flag is to start with going through a title company. hopefully you did nto give this person your social security number or other private information.

This is my first investment property and I was wondering if anyone has recommendations for security cameras.

But a wide ballpark would be around $800-1200/mo long term or $1500-2000/mo as a short term rental.Understanding Zoning Requirements for ADUs in Raleigh. 1.