And be sure you have the ability to fire them at will and settle up so if they aren't progressing how you would expect, you can move on without paying huge penalties or in some cases not having any way of being able to fire them at all (some of the builders' contracts are ridiculously in their favor). 

If you want to do people a favor you can get their offer(s) in writing and then when they try some bait and switch on you - report them to the state and national licensing boards.

When tenants aren’t able to achieve long-term success, they’re more likely to move out in search of a more favorable location. 

Excuses don't count and the judge will find in your favor.

I would imagine the neighborhood has favorable appreciation. 

You all can agree to a favorable split.

I think this was written very much in favor of the LL, but the tenant and LL agreed to the lease terms.  

If those two things are in your favor, you will do well.

This is a big legal issue that may weigh in favor of the investor.

Refinancing next year would likely allow you to lock in a potentially lower rate than the 8% you're currently at, especially if the market conditions continue to favor lower rates.Avoid Duplicate Fees: You're right in thinking about avoiding duplicate fees for the refinance and HELOC.