If worse comes to worse and I need to get a judgement against the tenant and co-signer(s) can I force them to pay?!?

If they failed to pay the bill and utilities are shut off, they are responsible for any damages caused.

If you're unwilling to charge a common fee, I wonder how you're going to handle a problematic tenant who is late on rent or responsible for paying the plumber to remove a kid's underwear from a clogged toilet.How will you conduct a credit/criminal screening without an electronic application?

Using mortgage debt at 6-7% on a refinance to pay off higher rate debt such as a credit card at 15-25% is a savings!

So it could take a decade to get to todays market rent. 2) it’s almost impossible if not impossible to non-renew a tenant, especially if you’re not an owner occupant. 3) As a seller, even if I could remove paying tenants I never would without a non-refundable payment from a potential buyer that covers all vacancies for 6 months if they fail to complete the purchase. 4) You MIGHT say as a buyer that’s worth it.

Got an equity line of credit and borrowed from it to pay cash for the property.

Owners pay not to deal with problems.

In addition, you've got your HELOC on your primary you'd have to be paying back also.

You buy it and look to pay it off.

The rental income from the first home will pay for the mortgage/monthly costs.