Guarantee her $2000 per month rent and if you get more put it in your pocket.

Cashiers checks and money orders are guaranteed funds and cozy is lower risk then checks but  convenient for you as the landlord.  

If you master doing it that way, I guarantee you will be the master of what ever you put your mind to young man. 

You can almost guarantee that your loss will be higher than the insurance estimate so I would work on dealing with this with the least amount of hassle possible.  

The difference between a mortgage and a HELOC is that while a mortgage is a loan for a fixed amount, a HELOC is a guarantee of a loan that can go up to a maximum amount.

Seems like the process would take about a year and there is no guarantee you'd get approval from the city and the entire process would cost roughly 30-60k most likely.

There is no guarantee that the title will be free of liens. 

A potential loss of rent (eviction due to nonpayment) is better than a guaranteed loss of rent (I end the MTM lease in order to lower my risk and the hassle) and the financial upside is certainly better. 

The Solo 401(k) also has the advantage of being more favorable for real estate investments using debt-financing such as a mortgage - as the 401(k) is exempted from a small tax called UDFI that an IRA would pay on the percentage of income derived from the borrowed money.If your intention is to have the retirement plan invest in leveraged rental property, I can pretty much guarantee you will find either of the checkbook plans to be much better tools.If you have qualification for the Solo 401(k), the exemption from UDFI on a leveraged property investment will be a nice benefit. 

Nothing in there guarantees you'll ever see a penny of those numbers.