Philadelphia has some crazy rental regulations, and failure to comply can result in the judge ruling that no back rent is due!

It is dependant on what your state landlord tenant regulations require. 

There are plenty of regulations hard to comply with.

Although, my question right now is If anyone can share links, books with information about laws, rules, regulations about real estate.

I would suggest taking the time to fly out and spend the 600$ to see the property, see the community and really get a feel for the environment.

.§ Property taxes and other fees and regulations placed on rental property owners are already very high, and are rising faster than rent increases in many cases.

Your opening yourself up to getting completely hosed if your not following regulations.

@Brigitte GarrettThe Repair Regulations that passed a couple years ago allowed a couple different exceptions for you to expense items that normally may had to be capitalized.The 2% rule is of the exceptionsAnother exception is the de minimis $2,500 cost.You do not have to qualify under all of the exceptions.

Knowing the rising interest rate environment (sorry but 2008-2015 was NOT normal historically), I would be careful with the HELOC you choose because the average PRIME rate looks to be closer to 6-7% historically and most banks typically tack on another 1-2% on the HELOCs so you're looking at potential rate of 8-9% in a few years.

Legally the deposit is to pay for tenant caused damage otherwise it belongs to the tenant and must be returned.Time for you to sit down and learn your state landlord tenant regulations.