If we got into the same situation as 2008 do you how do you think you would fair? 

The 4-unit is 1/1s, fairly similar footprints. 

A local investor will be best equipped to get repairs and renovation done at fair prices, set rents at appropriate levels, and help select qualified tenants.

Most Heloc rates right now are around 7.75% to 10% so if you look at your blended rate between your fist and Heloc you would be better off doing a cash out refinance.A lot of people forget or simply do not know that if you do a cash out refinance the rate does go up but in 12 to 24 months if you do a "rate and term" refinance you can get it back down fairly close to where it was at prior.

I think that is a fair price and that will help me with my breathing room and hopefully help pay off my place faster, or at least so I can reach 20% equity so I can stop paying $110 a month in PMI haha.I'm obviously going to be checking credit score, making sure tenant has a stable income, no criminal background, etc.

If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.

This metric became popular post GFC, when properties with a 1% rent to value ratio were fairly easy to find.  

This is a fairly basic question that any seller should be willing to answer even before you sign a sales contract.

But you want your policies to be fairly firm. 

Giving them skin in the game ensures they’re just as invested in success as you are.