It gets crazy, even six properties gets to be a lot of debt cards and balance management just to go to Home Depot to purchase supplies. 

Almost no one will do 2nds on those...so you got this huge gap between the balance and ARV....who funds that?

You'd need to ensure you electrical panel can handle the load and balance the water lines between the two heaters to do it right. 

So, how do I balance neighborhood safety vs rental demand?

There's no right or wrong answer, just a balance of risk and reward. 

Otherwise, you need to file a 1099 to that person for the principal amount so that you can deduct it from your taxes as an expense to balance out  LOLGood luck.

Rather, it's about balancing the risks against the potential benefits.

The concepts are still exactly the same but it can be much more difficult.They are supposed to lose their Section 8 voucher if they leave with a balance, either due to damages or non payment of rent, so that can be a silver lining. 

cloa...Note should include a provision similar to the following:FOR VALUE RECEIVED, I, [Borrower name] (hereinafter known as “Borrower”), promise to pay to the order of [Trustee/trust, payment address] (hereinafter known as “Lender”) the sum of Fifty-Two Thousand and 00/100 Dollars ($52,000.00), with interest from the date hereof until paid at the rate of Six percent (6%) per annum on the unpaid balance, payable as follows: Commencing on April 1, 2024, and continuing on the 1st day of each and every month thereafter principal and interest payments of $577.31, with the entire remaining unpaid balance of principal and interest, if not sooner paid, being due and payable in full on or before March 1, 2034 (the "maturity date").Record a first priority security instrument (mortgage or deed of trust).

I am not able to pay off the deferred balance.