Finally, make sure that your short-term rental (STR) meets IRS requirements and doesn't get classified as long-term or this could prevent you from leveraging this tax strategy event though you are materially participating in property and it was placed in service.

If I paid down 80% of the loan then obtained a 2nd position Heloc, is there anything to prevent me from paying off the 20% remainder on the first lien, then paying myself back the 80%, essentially leaving me with a first position Heloc?

I typically find a new tenant before they leave, or shortly after their leave, which prevents me from any losses and puts more money in my pocket.

Hi Everyone,     I am aware Colorado law prevents landlords from charging the tenant's security deposit for the time the landlord spends on repairs (though they can charge materials).

What precautions do you take to prevent unauthorized subletting?

I do not believe there are any Covid related moratoriums going on right now that would prevent the foreclosure of an investment property.

Settlling is probably better off because if you argue you are operating this illegally then you're in for my problems.But here is the thing in terms of prevention and hindisght. 

You may never collect a dime, but at least it will sit on her credit and prevent her from taking advantage of others or qualify for a loan.4.

Biggest issue is high cost property in my area that’s preventing me from getting started.

Majority of communities (both SFH and condos) have HOA's which prevent it.