I'm adding more tenants to Cozy and I really like it so far. 

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

For example buying an older Bungalow with minimal improvements and adding  a secondary dwelling.

@Brittaney Krischke - Go through all this and you'll be an expert wholesaler at the end (in theory; the practice is a whole different story):https://www.biggerpockets.com/blogs/7276/47735-the-ethics-of-wholesalinghttps://www.biggerpockets.com/blogs/5101/47691-wholesaling-tips-with-tic-tac-toehttps://www.biggerpockets.com/blogs/5101/47552-wholesalinghttps://www.biggerpockets.com/forums/517/topics/345427-white-paper-wholesaling-101-direct-mail-based-on-bp-postshttps://www.biggerpockets.com/blogs/6539/44228-wholesaling-is-illegal---no-really-it-is--at-least-in-my-statehttps://www.biggerpockets.com/blogs/4430/54368-guide-to-automatically-wholesaling-over-20-deals-a-monthhttps://www.biggerpockets.com/renewsblog/2009/12/17/wholesaling-houses-faq/https://www.biggerpockets.com/renewsblog/answers-top-5-questions-asked-aspiring-wholesalers/https://www.biggerpockets.com/forums/12/topics/586478-questions-to-ask-a-lawyer-before-wholesalinghttps://www.biggerpockets.com/renewsblog/2009/11/26/10-questions-investors-adding-wholesale-buyers-list/https://www.biggerpockets.com/forums/12/topics/588362-questions-to-ask-potential-sellers-for-a-wholesale-dealhttps://www.biggerpockets.com/renewsblog/2009/06/24/answer-subjectto-questions/https://www.biggerpockets.com/forums/93/topics/590614-what-are-the-top-key-questions-to-ask-seller-when-contactedhttps://www.biggerpockets.com/renewsblog/2008/07/30/the-single-most-important-question-to-ask-when-negotiating-with-a-seller/https://www.biggerpockets.com/forums/93/topics/588666-have-questions-on-wholesalehttps://www.biggerpockets.com/forums/93/topics/595659-wholesaling-advice-and-questionshttps://www.biggerpockets.com/forums/93/topics/601390-rei-questions-for-wholesalerhttps://www.biggerpockets.com/renewsblog/wholesaling-questions-answered/https://www.biggerpockets.com/renewsblog/2015/05/12/questions-about-closing-wholesaling-deal-get-answers/https://www.biggerpockets.com/forums/93/topics/591896-so-many-questions-about-wholesalinghttps://www.biggerpockets.com/forums/517/topics/595564-ask-me-about-multi-touch-direct-mail-campaignshttps://www.biggerpockets.com/forums/93/topics/603653-lots-of-random-wholesaling-questions-from-a-newbiehttps://www.biggerpockets.com/forums/517/topics/602974-138-leads-in-28-days-in-the-houston-texas-area-ask-me-anythinghttps://www.biggerpockets.com/forums/585/topics/608176-probate-leads-how-to-find-them

Throw an ad on craigslist and Zillow and see what you get, if you find people are interested then show them the property and have them fill out a rental application.

What's the custom for allowing, not allowing, charging an extra deposit for, or any special considerations, (or none) for the issue of smoking in your apartments?

I have an extra room in my primary residence and I decided the best way to start and learn would be to rent that out.I guess I am just looking for general advice as to what I should do in this situation and what I should be looking out for especially when it comes to screening. 

But let's say you bring in an extra 4k a month in cash flow - it's definitely worth the 1k payment is not??

So in essence I would still be adding to the heloc.I can flip it and clear 30k to pay down the heloc as planned, but lose a potentially good rental property.I am conflicted....flip or plan as cash out.I also have another rental that I could do a cash out and reduce some on my heloc(interest only) and still cover note/expenses.I do not like the idea of a balance on a heloc since it is interest only and is currently up to 6.5%Cash out and reduce some of the 6.5% interest only to a fixed 4.77% and paying down with each payment.

From experience though very few people actually read the details of a rental ad, they mostly just look at the pictures and the rent amount.