It also clears any misunderstanding about who pays what.When you have multiple tenants with different type of leases to deal with, you quickly realize that the more uniform your leases are, the easier is to manage your tenants.

If you had multiple renovations to make at once that would be a larger expense and difficult to save up for then a HELOC might make sense.

I sometimes discount the pet rent for multiple pets.

We are building multiple streams of income; this is currently one of them.

I would speak to multiple lenders to see if anyone else is interested in doing the deal.

Have been self-educating through multiple books, BP podcasts and forums, etc...I plan to invest in real estate as a side hustle. 

That probably explains the same price listed multiple times.

In this same line of thought you should ALWAYS have multiple lenders. 

@Paresh Mehta I'd want to see multiple appreciation drivers.

Assuming your 3% CoC is average for multiple years, there are now probably money market accounts that can beat a 3%.