For example, in Kansas they have the 14/30 (basically you will rectify the situation in 14 days and if not you have 30 days to depart i.e. before you can file eviction).

Instead of a 1 to 1 ratio, the required ratio can be 1 to 1.2 or 1 to 1.25.More on DSCR loans: DSCR loans won't use your income to underwrite the loan.

I self manage my properties and I screen tenants very hard to minimize these potencial situations.

The problem was, they only had enough money for a 3.5% down payment and an FHA loan.

Selling and buying something else you want keep and doing a cost seg in would help with the tax burden probably better in this situation.

I'd recommend a HELOC for your situation, especially since there is already good equity in the project.

In total, including money lost from rent, legal fees, and repairs, the situation cost almost $30k.

This is an Interest only loan product that typically lends at 65% ARV. 

However, after talking to some loan professionals, it seems that there are always origination fees, appraisal fees etc.My question is, what fees should I expect to pay when opening up my first HELOC.  

Showdigs is another great option for landlords in your situation.