The parties will jointly appoint an acceptable mediator and will share equally in the cost of such mediation.

Just a cost of doing business.

The mistake could be costly.

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

If you think you will have it for less than 4 years I would say go with the HELOC because you have less origination costs.

Look at all of the costs and then all of the revenue and make a decision based on that. 

Your property is fairly destruction proof, costs near nothing to maintain, yet you can charge above market rents.If your property is nicer (class B) where the carpet alone might be $6k or more to replace when the tenant spills hair dye everywhere, you won't be as happy as in the situation above.  

When they create costs they have to cover those costs.

Yes, you personally aren't living there, but with high crime comes unqualified tenants and high maintenance costs (stolen materials, broken windows, etc.).

If you need 10 minimum and have to hold those non-paying tenants until you get 10, what does that cost you in your financial model?