How do we protect ourselves from a tenant causing us significant damage in excess of the deposit amount? 

I currently have a full-time career as a senior engineer in the aerospace industry, but I’ve always been interested in real estate, and I view REI as a way to supplement my future retirement.I’m interested in initially doing fix and flips to build up capital for buy and hold investments in multi-family properties, and I have about $200K in home equity that I can leverage to get started.

You can accept the no personal guarantee but counter with a slightly elevated lease amount, then offer he choice; lower amount with guarantee, higher without  

In addition while we all would love to get 3 bids this simply is not feasible for PMs takes way to much time tenants are on you to get stuff fixed now...

-Question: What are some smart financing options to still fix the leak knowing that I’ll probably sell in the near future?

CONTEXT-(30k in credit card debt, split between 4 cards, mostly in charged off status)(one vehicle loan that was charged off, is now caught up to current, not paid off, 50k original loan amount)(some card companies are contacting me trying to make a deal, so likely only have to pay 20k of debt off.

I'd rather have a fixed rate on my investment properties vs a variable rate.  

Hi @Kristi Johnson, I would take out a HELOC(variable rate) or Home Equity Mortgage(fixed rate).

Investment Info:Single-family residence fix & flip investment in Capitol Heights.

I got a 4.75 rate 30 year fixed on an asset based loan in PCB, Fl.