Failing to budget correctly for repairs or not accounting for unexpected expenses can cause you to go over budget.

Probably only about 5% of the seems but it's enough to make the floor look not great.I think the vinyl plank flooring was decent quality as it was quite a bit more expensive than the laminate I was looking at initially, but maybe I could have bought even more expensive vinyl. 

Hey Liz,As a loan officer who has completed more than 2,200 loans in Minnesota, I can assure you that attorneys are completely unnecessary, and expensive in Residential Real Estate in MN. 

If you bought something more standard in Ohio you could do MTR there and have less turnover and less furnishing expenses.

Quote from @Jamie O'Connell: Yes, attorneys can be expensive and time-consuming.

Would you say that acquiring 19 rentals that cash flow for $300-400 after expenses in 10 years is realistic in todays time?

Also, is he entitled to the security deposit (minus any repair expenses)?

that is very, very expensive money. the best use of a HELOC is typically for something short term. 

- Some tenants are to worried about you getting annoyed and kicking them out (and section 8 accepting landlords can be hard to find) so they might not want to bother you for small or big issues and that can hurt you later on when things are more expensive.

I just need to be able to track expenses and allocate to each project.