Also, keep in mind that some markets have a requirement that landlords have a locally registered agent (manager).5.

Owners always seem to want to tell a PMC what to do, changing their minds/expectations on the fly. 

Keep in mind the more you write off the less money you will show as you net.If you have (2) full years and depending on how the accountant files your taxes you will have a schedule C more than likely or another schedule that shows profit and loss.

This will likely change through your real estate journey, but I always recommend starting with something in mind.

Give them piece of mind.

So I wouldn't recommend them unless time isn't an issue for you and you don't mind waiting a few days for a response.  

That in mind, I wouldn't chase these deals, especially if you are in "growth mode". 

But those who wouldn’t mind a lot more monthly cash flow, I recommend tapping into some of that equity that’s just sitting there doing nothing and using it to buy more cash flowing properties.   

It may make sense to save a bit more and invest from a position of power.Keep in mind most helocs are adjustable.

Areas with good rental demand or up-and-coming properties could give you more predictable returns.Do you already have a type of property in mind—like single-family homes, or are you considering duplexes, condos, or other types of flips?