Quote from @Salil Surendran: You MUST convert to landlord insurance.

Given California's hostility towards landlords, you would also need enough cash to weather some long evictions.  

You think it sucks to be a landlord in CA?

Being a landlord is not an overnight get rich quick scheme.

@Micah Huffman unless you are going to commit to learning some basics about being a landlord AND are willing to commit at least 2-4 hours each month managing a Property Management Company - it's probably best you sell.Otherwise, it's highly likely you could lose more due to bad tenants and management.

One of the most important steps you can take as either a startup landlord or seasoned one is to use a platform specific to property management as it will elevate your operation and save you tons of time.The good news is that nearly every software designed for landlords includes these features.

I was just asking if any other landlords heard of them.

In my land Timber days we just used bank LOC's but success in logging and creating substantial income allowed us to get those lines.

I am looking to buy a lots / land in O' Fallon , Missouri .

Always start the eviction process as soon as you're able to by law (not sure what Landlord Tenant code is in your state)  You can always cancel if they catch up if you want to keep them.