You need to make sure these people are paying on time if not charging them fees, and getting them back on track.

I’ll have $50K saved and $8,000 in credit lines. 

Since lost job I am running into the issue with bills, but try to move fast to make sure nothing like my credit is mess up.

You can also pull credit report, see if they are being sued etc.

You could explore a home equity line of credit (HELOC).Just have to be careful to NOT get in over your head in debt and go bust!

Another option would be local banks/credit unions since they are known to lend on smaller amounts like thisMaybe @Owen Dashner can help?

I don’t know what I don’t know here so please feel free to help me out or tell me if I’m way off track.

Still, it’s something to be mindful of if you’re planning to hold the property long-term.Overall, it sounds like you’re on the right track.

If someone is coming in with zero experience, then there would be some value in not having to furnish and track down personnel.

Tenants, "go into Holiday-mode" and start spending disposable income (and racking up their credit cards) on Thanksgiving feasts & trips, Xmas presents & trips, and finally NYE plans.3) Income Tax Refund checks start being received towards the end of February and corresponding, the rental market starts picking up again as tenants payoff their “Holiday Hangovers".4) Spring Fever starts, sometime in April-May, causing both sales & rental markets to start picking up.