@Jason Atkins I am assuming you are taking out maximum length for the terms of the LOC, then using the rented units to pay for the subsequent payments, that should be fine, but as @Joe Gore stated, if you arent intending on paying anything that would have sever consequences.

Don't let anything slide; once you do that then it is deemed as you are okay with it in court.I would love to charge higher security deposits but a lot of people don’t have that kind of cash.

See if you can brainstorm three different payment schedule options that you can stomach, get them to pick one, and explain that deviations will no longer slide.

If you listen closely you can hear the clak-clak of a shotgun slide before they respond, "Nah, it'll be alright."

The points at which you buy and sell will simply slide up and down the scale to commensurate with the market conditions.

Also, appraisals are much less difficult on the subsequent sales, since there is at least one good comp;2.

In the event any additional administrative duty is required to correct any infraction of any rule, agreement or default the landlord shall have the right to assess an additional adminstrative fee of $25.00 for each and subsequent infraction reasonably necessary to correct or cure same.It is agreed that such assessments shall become due and payable upon performance of such duties by landlord and that if unpaid shall become a part of rents then due.

Another factor you should consider is type of soil.In parts of NC we have a certain soil that in droughht conditions shrinks and slides.

I've got tenants that I let slide a little on the deposit because they had lost their money in this scam.

Mine is also Stove/oevn slide in combo, micro, and dishwasher.Cooktops (those that install over the countertops) are more expensive, plus you have to still buy the oven.We do not have to provide fridge in our area (except on high end homes - on a most recent one, I purchased the built-in fridge variety as it is necessary in such homes over $1M.)