It is a spiral bound book printed in 1994.

One tenant called me to say the door knob for the bedroom is loose.

I would suggest to talk to your parent not to put you point of view but get their point of view, be a awesome son than a millionaire but ultimate goal is to become awesome millionaire son 🙂And deal of the day comes everyday so i’m sure you are not loosing anything there .. 

The first step for me to owning a profitable for Plex was to first go out and Gain an education by loosing my shirt on what was probably a pair of C class triplexes in a D neighborhood.

Just want to add folks are generally too quick to pull out the legal card when dealing with contractors and generally speaking, this should be the last action to take because it's typically a loosing scenario where none benefit, and you're left with a job that's incomplete.  

I like the HELOC since you don't loose the good initial interest rate on your loan, but either one gives you access to capital. 

My dilemma: If I choose exchange, i'll loose my current cash flow but save money on otherwise cash out interest; or if I refin I'll continue my current cash flow but pay interest on the loan. 

You can make or loose money in any market.

In the event of default by any Tenant, every remaining signatory shall be liable for timely payment of rent and shall be bound by all the terms, conditions and covenants of this Lease Agreement whether or not they are in actual possession of the Premises.

That will put you leaps and bounds ahead of most other investors starting out.