If the cash is used for a long term buy and hold it would definitely be better in not all but most cases to use fixed 30 year financing so you can control your "downside," cash flow risk and only focus on the upside which eliminates near 50% of the risk scenario.Heloc's might be a bit lower than a 30 year fixed if the LTV is less than 80 % of your property's market value, but the benefit of the fixed terms far outweighs the volatility and lower variable rate of the HELOC.HELOC can be great if you're doing flips since the capital can be replenished quickly as you can churn your capital in and out multiple times a year and the interest rate risk of a HELOC is not nearly as high when used in this manner.

Ultimately I would say that your decision should take into account whether that $100 in cash flow at the fixed rate is likely to outweigh the interest you will pay over the course of the loan, divided by the number of years you have the loan, divided by 12 so you can get a direct comparison of that increased cash flow vs the interest accrued monthly over the term of the loan. 

I'm guessing that the minimum cost of such an action would outweigh the piddly amount of rent that might be available. 

Of course you will have to give up a good piece of the deal but I'm sure the experience you will gain will far outweigh any lost profit.

., I felt the convenience outweighs the security risks.  

I always look at worst-case scenario and decide whether the possible negative outcomes outweigh the benefits, so that is what you will have to decide here :)

I just feel like the opportunities in central/northern Florida far out weigh anything I can get within a 2 hr radius of Irvine.

To me that time savings and the convience of dealing with the inquiries when I have the chance outweighs getting that real time pre-screening in.

I have also told my tenants to submit maintenance requests through Cozy but we haven't had any yet.All the features and the fact that it's free far outweighs the delays in funds, I figure I'll have funds by the 5th and budget accordingly.

I understand the umbrella is under my name and the LLC would be separated from my name if anything ever happened but what are the chances of a lawsuit exceeding my umbrella3) Tax advantages - Would love to hear how this is helped others locallySo my real question here to others in CT... have the pros outweighed the cons and how much at the end of the year have you really put up roughly out of pocket to run an LLC?