@Frankie Lotrec if you have an existing loan on the property and you plan to legally convert from a 4 unit to 5 unit , you should check the loan documents because you’d essentially be converting it to a commercial property, since 5+ units is considered commercial and subject to different appraisal approaches and so it would rule out the property being considered for purchasers utilizing residential financing.  

It may not appear this way on the surface but you are going to come out ahead by focusing on purchasing fewer but quality assets rather than becoming a door accumulator.

I’m looking into buying a rental(s) in this area.

This will give you one critical piece of information, that it may take X days to get an offer and sell, and the second item will give you what your competition is right now.

You have not documented these incidents, nor have YOU informed your tenant this behavior is unacceptable.  

These clauses are contained, in all Promissory Notes nowadays.Many Realtors and/ or Mortgage Brokers will not tell you this information.

Your question was answered but I am curious - Why would you take out a HELOC for a six month cd? 

And we have an ownership in all of the communities we operate, so that is incorrect information.

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@James Galla good point, I’ll check that is morning.