@Tyler Faison @Mary Mitchell  @Bruce Lynn  @Kyle J.Thank you all for your suggestions, this is elderly  couple I feel I can trust, I liked the idea of not touching the security deposit so I took your advice on that, however I just agreed to half a month rent and balance paid in next three months

For me, there has to be a viable exit strategy to pay off the HELOC in less than 12 months, that frees up my line so I can do another deal and I also don't want to have a large balance on a variable rate indefinitely. 

It always seems so simple to say you want value add properties that cash flow great in tier A neighborhoods, but when push comes to shove your gonna need to find the balance that works for you and will have to sacrifice a few things in any investment ($ entry price, location, needs Reno, or if you overpay to try to get the perfect property then you might sacrifice cash flow and then it might not meet your needs)

I indeed did have a 4.0 GPA yet I am saddened to say that while doing volunteer work on the side and working a full time job to pay for my own tuition, I could not balance all tasks at once.

At least until you are well-healed in the business and have the confidence (and balance sheet) to diversify.

At the refinance closing a check would be issued to your heloc to pay down the outstanding balance of your HELOC.

Trying to find the right balance of getting adequate vital coverages but not overinsuring.

The one that I am focused on appraises for 155K  and I have a 75K mortgage balance. 

Thieving bank want $100 just to end a $0 balance loan!

Look for in the last 24 months paying their credit card bills.I use must have a bank account with moving amount today so I would be at least 1400 balance.