I own a 2 bedroom condo and I rent out the spare bedroom through AirBnb which nearly covers the mortgage.

Maintain a decent cash reserves to cover vacancies, maintenance, CapEx, and mortgage payments encase of total income loss.  

I’m curious if anyone who has just an umbrella policy has been successfully sued where the umbrella policy wouldn’t cover the judgement.

Instead, I would recommend that you charge a flat monthly rate to each tenant to cover your average utility cost.

Some counties guarantee title will be "free and clear", but that doesn't cover everything. 

They will probably only go to 75%, maybe 80%, but if you have enough equity, that should cover the entire loan.

That leaves you $350 short to cover expenses.I would pass.

The photo ID at the time of registering is still pretty light as it can be anyone for anything, but I can't see a method short of biometrics scanning that will cover all the bases.We are looking into all of this in advance.

No other fees for HELOCS and all the banks I looked at paid for the appraisal for either the HELOC or the home equity loan with the exception of Quicken loans, Quicken charged a flat fee of $400 to cover the appraisal whether it cost more or less to actually get it done.

There is a home warranty offered.. do you think that will cover anything that could go wrong?