That it makes infinitely more sense to honor the intended waiver and the contract and the money they already collected for the second year, which you feel confident a judge will also find to be the reasonable solution.What a bunch of hooey.  

In addition to that, become familiar with "The Infinite Banking Concept" and the book "Becoming your own banker" by R.

I believe it's a strategy with highest ROI (in fact, can be viewed as "infinite ROI" if you BRRRR and essentially have 100% financing on each rental.I believe you have 5x or 10x times the starting capital of what some successful guys on BP did; you could replicate 5x this success in the same time:Read some real life case histories of @Joshua D. , @William Collins and @Austin Fruechting did in 5, 2.5 years and 7 years, respectively, by using BRRRR  https://www.biggerpockets.com/forums/223/topics/459415-500k-net-worth-in-5-years-im-30-today?

The real key to wealth generation is to get to INFINITE returns.

If you aren't legit and don't have proper licensing and insurance there are infinite situations which could put you and your friend in a bad spot legally or even put your own personal assets in jeopardy on top of being fined for managing a rental without a license. 

Angela,I get these leads organically via my website.See I am quite good at SEO, and that really is all you need to get a ton of highly motivated leads for free.Ranking #1 is infinitely better than any kind of marketing, regardless of DMM, Facebook, bandit signs etc. etc.The reason is that people verify confirm, check.. via google.No matter if someone sees an ad on Facebook, bandit signs, etc. etc. to see if the company is legit they will google.To get a second opinion on a quote... they will google.To find more info about anything...

If your long-term goal is to invest in more properties it is worth it to invest in a solid property manager.Your time as an investor is infinitely better spent analyzing markets and deals. 

I would get some more experienced and make sure you know what your doing but if done correctly it provides another avenue to buy a property by using it as a down payment but understand if you get a loan in addition to a HELOC down payment you are now potentially 100% leveraged which is infinite returns but if you don't buy the property right and you get a market crash and can't make the payments you can get yourself in trouble.

i think you'll be hard pressed to find a 20% COCR with a <$200k property that you're doing LTRs on. unless your BRRR it. then your COCR is infinite. so a better question might be, where can you BRRR with <$200k?

Hired a great property management company and things got infinitely better.