I recommend reading the book traction and following EOS - they have a one page business plan that is awesome to follow. any planner can work it's a matter of creating the plan and how to monitor and follow through with it which eos teaches

You can do a "placement" fee when the individual first adds the animal, followed by a monthly fee.

My team on the ground there handles everything from sourcing deals to renovation, and we've worked with hundreds of investors each year to make these properties cash flow.We’ve built up some solid relationships in Detroit—whether it’s general contractors, agents, or property managers who understand the ins and outs of Section 8.

I am also looking at the Gatlinburg/Pigeon Forge market as well.

Your monthly payment would come out to roughly $2400/month including HOA, taxes, and insurance.

There is no "secret" that the big boys are doing necessarily, just incremental pieces of information, relationships, and knowledge that have been built up over time at scale. 

Agreed with the other comments about the higher risk with HELOC in this particular market.

The LTV ratio must be:75% or less, if the seasoning of the mortgage loan is between two and five years.80% or less, if the seasoning of the mortgage loan is greater than five years.Hope this helps! 

But, the lessons I learned have been worth a fortune!

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.