Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620, many blemishes, but should have no evictions in last 2 years.

The current equity in the property is around ~$70k and I have invested ~$46k of my own money (down payment + repairs/bills, etc.) thus far.

.- When do the payments start and endThis is a little tricky for some real estate investors to understand.

Paid the mortgage and HELOC payment for 12 months while the whole debacle was finally resolved and the units are both rented.During rehab, there was a break in and the furnaces were stolen.

I have spent more time following up with this company and their team than managing all my other properties.8- Their marketing material says they would buy the houses back if it’s not worth their expected appraisal amount9- Houses in Baltimore were sold to me as section 8 houses – they are now saying tenant is not paying 10- I have not received payment for the last house in Baltimore since April.

Its why I sold all my rentals I bought with conventional financing back in 2004 2005 2006.. having so many loans my fico could hardly get above 700 even though I had never missed a payment in my life and I paid all my CC monthly and have for 25 years and NO other debt than car loan.. 

Legal integrity is non-negotiable.5.

In fact, the rule of thumb in the industry is called the 50% Rule: that 50% of the rent will go toward non-mortgage expenses (vacancy rate, repairs, maintenance, insurance, property taxes, management, accounting, etc.).

That will make a Heloc payment higher since a mortgage payment is set up over 30 years.Cash out refinance is putting cash in your hands and cash is king without the hassle of being an "Open end" mortgage or basically a credit card.

On my initial listing ad, I had nowhere mentioned it was a non-smoking residence.