Ill be looking for home equity loan, over a property I completely own (paid cash) . 

The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.

You can pay for it with an FHA loan or a standard loan.

Just wanted to share some insight regarding foreign national loans and mortgages for international investors without a FICO or US credit score asI've had a a recent uptick in international buyer activity and interest.  

I have a separate, steady full-time job that would allow me to take on the negative cash flow every month.Note: The home is already 100% furnished, so there is no need to buy furniture.Appreciation and Loan Pay-Down:I would offer $550k as the purchase price.

Having a standard W2 job will allow you to get loans easier if you want to start buying investment properties. 

where are you getting a loan with only 5% down?

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

Hard Money and DSCR loans for a BRRR project in a medium sized city in Texas

You can acquire one with as little as 5% down now with a Fannie Mae conventional loan ( and maybe even add in dollars to update).