You will have an opportunity to refi sometime in the future where you can increase cash flow and/or recoup down payment. 

Very good, and I think in the future excellent, equity play just not tangible for the average investor now. 

If they continue smoking, you'll have to put up with it until their lease is over.In the future, make it clear that smoking of any substance is forbidden inside any structure, including garages, storage sheds, etc.

The idea was to lower my monthly mortgage payment to reinvest the difference into future projects.

Hi Anthony,It’s great to see your focus and dedication to learning about real estate investing, especially with such clear goals for your family and future.

A successful real estate investor views each property as a potential asset, analyzing its value not just in terms of current market conditions but also its future growth potential.

., us treasury (and mortgage rates) have already priced in future Fed expectations and mortgage rates will go up or down if the Fed cuts less or more than 200-250 basis points). 

In the future if they do, let them know about the non-payment of this tenant and that you are reluctant to take another as a result.Serve notice at the home-leave the work out of it.

I did not use the lease feature, listing features, or background check yet as those were already in place when I signed up but for sure I wanted an all-in-one package for when I do need them in the future.

However, if you’re unsure about future property values due to the unique nature of the property, this could pose more risk.What You May Not Be Considering:Financing Flexibility: Using a HELOC for repairs is a solid plan, but make sure the loan terms are favorable and the rates are manageable over time, especially with interest rates fluctuating.Vacancy and Maintenance Costs: Once all units are rented, factor in potential vacancy periods and ongoing maintenance costs, especially with multiple units.In conclusion, while the repairs are a big expense, the strong rental income potential suggests it could be a good deal if you manage the rehab costs well.