If you have a renter kill your property during a recession and you need a full rehab and you are properly funded you could have an issue.if you have an ARM that shoots up the % of your loan and can't find a way out, you could have a problem.If people get laid off and stop paying and you can't evict them quick or easily enough.nothing is guaranteed.  

@Logan Hassinger The terms were simple in that it was a relative that had an extra $40k that was sitting in the bank and I convinced them a 6% guarantee growth was worth their time.

I guarantee you, you can find those valves online for half the price, but you cant get your boiler fixed online if you know what I mean.Adam

There's also no personal guarantee, but with that said, to what extent would a personal guarantee effect the cap rate on the value?

Let me know if you have any questions I cant guarantee I will have any answers though.

Now this may seem like something that is very basic, but I guarantee I am not the only person not doing this.

It says they have a 30 day money back guarantee on their site but I never needed to use it.

Just wondering what most investors have on there properties weather its actual cash value, replacement cost or guaranteed replacement cost.

May not be your intention but I guarantee 9/10 people reading your title will come here to do that.

Alexis,  I'm certain that the bank will require you to sign a personal guarantee on the line of credit.