Lisa BoyceChase GambleKrista WilsonBetween these three you shouldn't have a problem getting ALL of your bases covered... 

But in those cases you are increasing rents to cover increased expenses and maybe padding a bit to your advantage.The downsides to both are that when tenants don't pay for utilities, they tend to abuse them.

What creative income generating thing could you add on the property, to cover for the extra payment? 

@Raymond Kovats, either way, my question is: will renting it out cover all its ongoing costs (including the HELOC/Refi loan)?

The refi must at least cover the original loan, and as much of the Rehab, holding costs, and closing costs as possible. 

I know having legal representation is vital in real estate investing.

This covers a ton of ground for finding renters.

What I like is that they use 2 people to inspect so they are able to cover quite a bit of area very thoroughly. 

I'm a little leary to think that 6 nights (3 weeks * 2 nights) is going to be enough to cover mortgage, insurance, property tax, maintenance, cleaning, furnishing, 100% of utilities, cable, internet, etc. but maybe I'm all wrong. 

I want whatever cash flow there is to cover the expenses in the long run...I could sell it and take home some cash but I don't need the money now.