I'd hate for a temporary dip in the quality of the tenant pool to be giving my landlord "spidey sense" false alarms on account of taking an extra month or two to fill a unit.

Budget Wisely:Make sure your budget accounts for the purchase price, the cost of the renovations, and any additional charges involved in flipping a house.

Would you take an escrow account with a deposit?

Account Closed Thought of interning at a title company or attorney's office who ever handles it in your area? 

For the most part all you do is monitor your bank account.  

You can opt to automate rental payment collection so Turbo Tenant collects rent, and deposits it into your bank account. 

Along with the research I am doing, I'd love to hear from others about their firsthand experience.I am 33 years old, recently married, no kids but plan to have our first in the next year.

This could make the sale more appealing by solving a logistical challenge for the landlord.Things to Keep in MindUnderwrite Conservatively: Make sure you account for all costs, including property taxes, maintenance, and potential repairs.

Main goal of All In One heloc or 1st Lien Position Heloc:  Lower your daily average balance.Main Drawback: Rates are substantially higher than 60% of current 1st mortgage balances.If you are mostly living paycheck to paycheck and your money leaves your account as soon as it comes in to pay bills, this is not for you. 

While you are figuring it out and/or deploying it over time, US Treasuries and certain CDs are paying 5%...and 4% for certain online savings accounts.