@Jillian Alonge A HELOC provides quick access to equity for your next property but transferring the property to an LLC via quitclaim deed may trigger the due-on-sale clause—check with your lender.

I just had tenants move out of my investment property (duplex) without paying for the last month's rent, and the damage they inflicted onto the property exceeds their security deposit amount.

Also, what is the equity in the property?

@Kevin Connauton, I agree with you that although Pad Split is a great choice for getting the rooms filled, they don't cover all your bases in terms of property management.

If the property manager uses a payment app integrated with the property management software to collect rent for the landlord, this is not gross income for the property manager.

In fact, some of the best opportunities in real estate come from properties that others overlook—distressed homes with potential that just need the right investor to bring them back to life.If you’ve been in the game long enough, you know that distressed properties can offer huge upside, but they also come with their own set of challenges.

Hello,I am interested in purchasing a recently renovated $195K property as a 'secondary' home for the next 4 years to use as a future LTR.

Another alternative would be to buy the property yourself, keep the mortgage in your name but have your daughter on the title.

@Tristan Kelly tenant performance and damage is what you want to watch, along with squatters & theft of mechanicals.Update us in 6 months:)

Collecting a refundable security deposit upfront is a good way to protect yourself from damages, too.If you haven’t already, setting up a website for your property is a good idea.