While the heater issue adds extra stress, addressing it promptly will protect you from further fines and penalties.

Quote from @Mary Jay: Quote from @Jay Hurst: Quote from @Mary Jay: hi guys,so I have a lot of equity in one of my rentals but the interest rates are super low on it. so I dont want to do a cash out refinance on it because I dont want to lose the 3% interest rate on it.I want to get some cash out of it via Heloc or another vehicle,  so I could buy another rental, but its not my primary, so I cant get a HELOC on it from lots of banks....I think PenFed does helocs on rentals, but because I have more than 5 rentals, I dont qualify for their HELOC loan.IS there a bank that would give a HELOC/cash on a rental?

I almost always invest extra time verifying these critical areas, which is key to maintaining the high standards our clients expect.

I understand they can make our life a lot easier but is it worth it if it eats up a lot of our cash flow? 

If it's worth $1.3 million today, it will be worth $3 million or more in 20 years, you'll have paid off the debt (or most of it), you'll earn at least $3 million in cash flow over those 20 years, and you'll have tax benefits.

During this renovation period would you, as the lender, want an Actual Cash Value or Full Repair Cost policy in place?

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

There is extra costs, more regulation, and more liability. 

If you don't actually replace the damaged property, the insurer will normally only pay you the "actual cash value," i.e., the depreciated value of the property.

Manage their properties Provide welcome gifts/ goodie bags for their guests before check in Hauling extra supplies/ misc items to return to stores or other properties--Any other ideas that I can pitch to make myself more marketable?