By establishing a set return of $600/year, there is no ability to adjust that number to future inflation.3 - Now, the big one. 

Typically HELOC lenders don't escrow since they're often set up to be in 2nd and rely on the first to check tax/ins more regularly.

Happy to dive much deeper if you would like to set up a call. 

When I had my lawyer set up a few of my LLCs, I used my home residence as my LLC address.   

I am learning a lot from BP on how to set up a property management system to begin learning the proper way to structure a rental property portfolio. 

She can't afford rent, so you get her moved out by the end of the month, then apply her deposit to the unpaid rent, cleaning, and repairs.I may even incentivize her to leave quickly by offering to forgive the unpaid portion of rent if she gets out by the end of the month, but it really depends on a number of factors and I'm not going to ask for details.For future reference, best practice is to have set standards and adhere to them every time.

Hopefully, they were honest about those year 1 and year 2 numbers and set the expectation that your true numbers will hit in year 3 once you start getting repeat customers.You're sitting on 800k.

We (me and my fiancé) absolutely agree with you on that, and when we did our due diligence to set expectations for the rent, we were comparing our property to exactly what you said.

Whether that be setting up the team, finding the deals or the "boots on the ground" to bring the deal in.  

Set up a working line of credit.