We asked them to address 5 items that we saw as the most expensive and/or critical.

If you’re going to be doing land deals, consider opening a business checking account; it’ll keep your personal and investment expenses separate, which can help a ton when tax season rolls around.

HELOC money is EXPENSIVE money. 

You can try to get them to pay some or all of the expenses, but it could be an uphill battle. 

So I figured that if I could avoid negative cash flow, the other two sources would carry us until rates declined and we could refinance to lower interest expenses.

It is expensive but money is not cheap at all nowadays and as others mentioned even getting a LOC against a rental property is a huge score as not many lenders are lending on that product.Question I have is what are you using the $ for and can you earn it back? 

Its a little more expensive but when our tenants put in maintenance requests we can simply forward those to our contractors.

Upfront expenses and monthly payments must be considered when calculating the return on your investment.EXAMPLEYou cash out $100,000 of your equity and use this as a down payment on a $400,000 investment property.

I could rent it for $3800 and net $2800 after expenses (after the mortgage is paid off).

I think it will save me money in the long term in the event I am sued, but lawyers are expensive and as a student, disposable income isn't exactly too prevalent.