It does not matter if the loan shows up on the credit report or not. 

You get to deduct 3.3% of the value of each property off your taxes each year (in addition to all the other expenses).  

I am not currently planning to buy additional real estate.

Sorry for being so green.KevCan you afford the payments on a $250k line of credit?

If you do low income houses like us, we are changing out leases where they're rented at a discount if paid by the first, that way as long as they always pay by the first, we are good, and if they don't-- they get what the increased rate would be, $50-$75 more, in addition to the late fee if after 7 days.  

Reach out if you need any additional guidance. 

Would you stay in current unit get a credit card and furnish the other unit?  

Also get sellers credit to not have to pay as much closing cost! 

Draft Standard Operating Procedures to advise on decisions concerning investments in addition to actions.

There is no additional fee for any of the payment services like ACH (except credit card - which the tenant pays for if they use one of those).