This was in 2019 when I was funded so the terms were much more favorable than they are now.

They tend to have a passion for this career and are possibly long term tenants in the area.

I would say if you do post it be as detailed as possible minus borrower info re: what's the collateral exactly (estimated value, condition, etc), outstanding balance, state where it's held, terms, performing or non, 1st or 2nd position, payment amount and what you're asking price wise.

Make sure you check your bylaws to confirm there are no issues renting out your condo as many HOAs have put limitations and other requiremets in place.You'll also need to update your insurance coverage to a landlord policy and make sure you understand any vacancy triggers - many policies will auto-terminate if home vacant more than 30 days.Start researching rental applications and leases ASAP, so you're ready with those when you start advertising.

There are lots of ways to delegate what tenants are responsible for, and whichever way you choose needs to be laid out in the lease.My tenants are responsible for yard maintenance, and it is explicitly laid out in the lease terms there is no confusion.

I started out with a flip house and am currently focusing on long-term rentals.

.), and any special terms in there like required to maintain minimum heat, etc. 

@Mark Peeples it's buy and hold and rent out to tenants as a mid-term rental unit.

If your insurance coverage isn't enough, they could seize the LLC assets, but not your personal assets.Additional thoughts:1.

HELOC are great for short term cash needs, but not good for long term cash needs.