The damage was not your fault and you have taken the appropriate steps to make the home safe and functional again.

Diversify Your PortfolioA diverse portfolio provides a cushion against market volatility and allows you to scale more safely.

However, these are advanced techniques that are rarely as easy as they sound, and they all come with additional risks.

Obviously there won't be any 100% "safe" tenants, no matter how much vetting you do, a job loss etc. could always happen to anybody... but I feel like having one at all simply shows that they didn't prioritize keeping a roof over their head for one reason or another, among other issues.Everything else from that post, if I am referencing the same one, seems fine to me.

I wanted to make sure I am safe which was stupidity from my side since I lost 3 moths of rent.

You probably also want to share with Owner your 780+ credit report to show you safe you are as a borrower.

Hoping for a speedy recovery and that everyone is safe. 

If the second property you are buying is not turnkey, will require some work, and there is a clear value/range of what you can bring the property to by adding value then you can refinance to pay back the majority if not all of your HELOC (used for downpayment or to buy the property completely).You'll need to know how to analyze an after repair value of the property to figure out if that technique can work or not.

Well, let's all hope the tenant is safe and has found new accomodations in a prison cell.I personally would want it "as is" to decide for myself how to proceed.

Safe revenue when I am up and running full STR in the Spring is 50k, but I think I can do closer to 75k and up with a few tweaks.