Lesson learned: anytime you can break even in California anywhere near the coast with 20% down, just do it and don't ask to many questions.Now, there is a lot of capital looking for anything near the coast and things are a bit pricey.

Every individual contract is different.

When we built up the triplex, we set it up so that each of the 11 rooms can be rented out individually (all BR, except 2, have their own bathroom behind an electronically locked door).

Make sure you spend a lot of time reading, learning, and meeting people before making the first investment.

NET 30), etc. and you can use this project-specific agreement as an addendum for individual jobs.Final Tip: Treat the contract as a transparent, collaborative tool to set expectations, not as a "gotcha" document.

You came to the right place to learn more about real estate investing!

Think about your individual chances of being affected.  

@Alecia Loveless is correct--tenants need access 24/7 to their electric service panel, water and heat, assuming those are individual utilities for each unit. 

HELOCs are not available because they are residential loans guaranteed by individuals and what you seek is a type of commercial loan or credit line which are available to seasoned companies with proven financial track record.

I’d be happy to connect and learn more about your experience as well.