@Jeremiah Miller When you draw on the line of credit, your HELOC, once you exhaust it from buying assets........INCOME PRODUCING assets, not boats or toys..., you should or could refinance that heloc into permanent financing.  

If the tenant caused the issue and I can prove that I bill them back for it.For example, finding a child's toy in a clogged toilet.

Pay off debt, vacation, toys, kids college, ect...the families decision.

There's no more liability than any other toy they set up in the yard if their kid got hurt.

Keep your toys for yourself.

My cleaner is in there now, and she found marijuana and paraphernalia, (the lease states NO smoking or marijuana use on the property), dog poop all over the carpets (they said they didn't have a pet and didn't pay a pet fee), a broken kitchen cabinet, dog pee on the bedsheets, sex toys under the bed (just in case the dog poop wasn't nasty enough for my poor cleaner), stickers on the wall and a hole in a door, and lots of personal property of the tenants.

The reason I've recently been toying with the idea of turnkey properties, was for the sake of having more of a hands-off role with the properties themselves- simply from a time consumption standpoint, as I work a W2 and have a part time commitment with the military.My initial plan was to brrrr, or flip my first property.

Don't blow a $1 on a new car, motorcycle, truck, SXS, or toys.

There is a newly painted storage shed for all your tools and toys in the backyard area.

It's a numbers game- you'll have to ask lots of sellers that question before you get to "yes".