This could impact your cash flow, especially if your rental income margins are already tight.Another thing to consider is that a HELOC often has an interest-only payment period for the first 5-10 years.

It's awesome to see the progress you've made in such a short period of time! 

Yes, he can still file bankruptcy, but that is only for a 30 day period (last resort.)Good Investing...

I do get periodic calls about washers and dryers.

You should always have a due diligence period that would allow for enough time to complete all 3rd party reports and govt approvals before you have your earnest money go hard. 

Do I establish each LLC in Florida and create a foreign LLC in NC/DC or is there a more efficient route? 

Provided, however, where the tenancy involves only the rental of a space for a manufactured home as defined in G.S.143‑143.9(6), a notice to quit must be given at least 60 days before the end of the current rental period, regardless of the term of the tenancy. (1868‑9, c. 156, s. 9; Code, s. 1750; 1891, c. 227; Rev., s. 1984; C.S., s. 2354; 1985, c. 541; 2005‑291, s. 1.)

In the ten-year period beginning with Q2 2014, the Downtown submarket has experienced the greatest introduction of new inventory, 3.3 million square feet, amounting to 20.5% of all new competitive stock added to the market.Asking and Effective RentDuring May, the metro's asking rent remained unchanged at $42.24.

Some other investors recommend doing a 20-25 year amortization period on the loan which helps cash flow a ton.

I will say though with this last renewal period some insurers are actually starting to lower their premiums… a little, after the Florida legislature made policy changes that favored the insurance companies… so that is at least a small step forward.