😃Some good points made here ... however, I would also caution against getting all your advise on BP from inexperienced investors who have not yet made it through a complete RE cycle and have only ever known "green pastures" with no drought.

Then you can much more quickly pay off your HELOC and repeat the process over and over again.There is much more detail to this method, but gives you a quick idea that your one pot of money (the HELOC) can be recycled and used to buy more and more properties.

So define what is more important recycling of capitol in which case i'd go for a higher priced market such as D.C.

Get em milking, shearing and gathering eggs.

I did this so that I wasn't milked dry by Loopnet and Costar.

I only wish that the next tenant some of these extortion victims get is the one with the clean credit record who has milked the "cash for keys" to death! 

No one died in the home, so try to keep perspective.This tenant has no money for attorneys or filing.She's all talk...illogical offensive behavior to distract you in the hopes to milk a few more dollars out of the deal.Does your lease state: "mandatory mediation vs court?"

Even the best tenant when they loose their job and can get a few more months of free rent by being evicted vs living in mom's basement or sharing another rental with the brother's family, will stay and milk that eviction as long as they can. 

Historically the RE cycle lasts 18 yrs.

The owner of a short-term rental shall comply with the provisions of Chapter 19 of the City Code, pertaining to Solid Waste, Litter and Recycling; k.