Every item has a lifespan and collecting maintenance/replacement costs should start as soon as an item is put into service.There are lenders that will provide HELOC on rental properties but they are not extremely easy to find.  

I don't know Texas laws, but it's likely that the Texas landlord-tenant act provides that a tenant is responsible for damages to the premises.

CA taxes residents on worldwide income but may provide a credit for taxes paid to other states.

However, you do need to handle this situation carefully, make sure you follow a standard screening process to avoid any Fair Housing Act violations.I'm honestly not even sure if you can initiate the conversation with the parole officer, if they reach out to you, or the tenant provides the info and offers the opportunity to call them, that's a different story.Make sure you apply the same screening criteria you use for all potential tenants. 

I hope this can inspire some people and provide any kind of help.

, what made you feel secure taking the leap with hard money and going after that first flip.Partnering with an investor or doing seller financing would be ideal, but I'm still growing my network by cold calling other investors and real estate agents and attending local events.

I am a very small fish in a huge pond, but the impact of my first BPCON has provided me with an even stronger sense of community built into my personal portfolio.

So, talk to all the people you know about what you want to do.And hire a good securities attorney.

Partnering with Mike Hardin provided valuable local insights, making this an attractive and strategic investment for Partner Driven.

I provide property management for Gulf Coast STRs.