The first lends itself to smaller properties and potentially higher turnover, whereas 3 could appeal to a larger group of people that may be there for a longer time period. 2)what’s the typical income of someone that rents in the area?

Unfortunately, we didn't receive any offers during that period, which coincided with our struggles with county regulations.

I buy properties in locations that have very low risk of extended periods of vacancy. 

@Lynette GuyI am thinking of moving on from Evolve (after 6 months of trial).

was it because of the tenant or should it have been part of routine maintenance.As mentioned, whether 9 days or 9 months, if it is within the time period allowed by statute, then you should respond. 

It took some trial and error, and with each purchase, I learned more and became better at what I did.One of the most important things I learned was to have faith in my ability to underwrite deals.

There was also a case in Phila where a judge denied the landlord a judgment for the time period during which the license was not in place.

So the mortgage companies and the IRS set the exact same threshold for being a second home or being a an investment property.My CPA however has advised me that there are caveats for doing repairs, or periodically visiting to inspect it, that allow you to exceed the 14 day leisure limit.

The pay back period either ballons or goes away completely. 

Each lender has their own standards or parameters, such as draw period, FICO required, whether it is interest only or principal and interest, whether you can lock a portion of the HELOC or it is all floating interest rate, etc.