With a DSCR (Debt Service Coverage Ratio) loan, you can tap into your equity and still retain the cash flow since it's based on the property's rental income rather than personal income.

It is a personal expense, and no 1099s needed. 

The only lawyer fees they'll charge are for actually filing the eviction.But just FYI, in Colorado any you need to demand/notice a tenant, someone who is legally answerable (ie owner or manager) has to make two in-person service attempts on different days.

I've spoken to him personally about it and he really knows his stuff.  

If there are any crimes being committed, the person committing them should be me (that's a joke).

Personally, I would feel better about renting a vacation rental after seeing a video than photos.  

fyi, one of my children (also in Indiana) had a very good experience with a VA loan through Veterans United.If you can find a tenant who wants to be rural and have space but doesn't have a down payment or for some other reason doesn't want to buy or can't buy, that person could be an excellent fit for your situation. 

Some of the most important criteria are these:1) Both real properties must be investment properties, and not your personal residence.

Solid broker, I know Dan personally.

For those that rely on traditional methods and personal experience, I can understand this perspective.