They should have "rate proofed" their practices.You might be able to find a HELOC, and those don't have closing costs, so it'll be up to you if it'll be worth the hassle of going through the process for such a small HELOC.

If nothing is stated in either of those, you might not have much proof that they are yours if the tenants walk off with them.Hope this helps!

Your lender can give you estimate closing cost. 2) You need sign lease and deposit proof of advance rent. 75% rental income will be count as income. 

I am sure their annual tenant questionnaire would also require proof such as drivers license and our address would not match.  3.

People have short memories and think stuff like that will never happen again......personally I would never buy in those areas unless I'm flipping it and moving on.....no way would I buy a long term buy and hold there.I just sold my property in Kingwood.....flooded all around the neighborhood but not near my property...it was a stressful 2 weeks..... really don't want to do that again....dodged a big bullet with no flood insurance and I'm not counting on dodging mother nature again

At $2--4/foot it's reasonable, almost tenant-proof (easy to repair if/when damaged) and perhaps BEST of all:  HYPO-ALLERGENIC!   

Can you provide insight on some of your bullet items? 

Material breach of rental agreement is easy to proof; however, it is something that can be fixed with reasonable effort or expense, while keeping the contract in effect, it's less likely to be material.I am aware that the California eviction process is simple, however it certainly becomes complicated once the tenant decides to challenge the eviction.Any insight would be greatly appreciated.

Maryland is typically $1,000 EMD (if you have proof of funds or prequalification) at contract execution being held by either Agent or Title Company for conventional sales.

If you have proof the last month was paid and further proof that it was never transferred to you at closing, you should have a good case.