How do fellow landlords handle this situation?

However as you correctly point out this is far more risky and or its risk capital compared to buying a income property.. but the reward can be strati-spherically higher .. not just a little bit but it can be life changing profits on some of these deals.

If your cleaners do the laundry at the property, get the biggest one you can.Our cleaners do this at one property.

LOC's can have negative effects on your future purchasing power if not set up correctly and keeping in mind you can "never" use an LOC as a reserve or asset.It will always be a debt burden and can over inflate your back end debt ratios depending on the W2 income and your liabilities.

You can't even change a lightbulb.You or your family can't use or live in the property.

Hey Savannah, only KC market at this time.

This team consists of an Investor Focused Agent, Lender, Contractor, and PM.Read this article on the "core 4".

@Travis Biziorek read my post in this thread!

Hope this helps. 

If this is financing for a stabilized property rate carries more importance but rate combined with origination fees, pre-payment penalty and term in which you intend on keeping the loan in place are all considerations which together should help in deciding the best financing option.