Hi everyone,I have the opportunity to start my short-term rental business by adding small/tiny houses in my property.

They currently have under $1M in leverage on the assets but are looking to get a line of credit / portfolio loan to encumber these properties or other properties they acquire.

I have been interested in property investing for quite some time now.

What will be left of the security deposit if they feel they have no choice but to leave the property as is.

Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

Ask them if they want to sell their house or keep it.100 out of 100 will tell you they want to keep their house.The same goes for absentee owners, probate, tax liens, etc.

They have three days to complete and return it.This not only ensures transparency but also helps avoid any misunderstandings about the property's condition.

I am pretty experienced with S8 procedures, all of that experience is with our Toledo LMH team.Are you leasing with a property manager in town?

@Truong Vu You have some valid concerns, but most investments, whether for your personal use or long term holding property is usually about leveraging what you have.