.- 3 Year ARM, 4.00%, max annual adjustment of 1% after the initial fixed term, 10.00% max lifetime rate- 6 Year ARM, 4.875%, max annual adjustment of 1% after the initial fixed term, 10.875% max lifetime rate- 10 Year ARM, 5.375%, max initial adjustment of 2% in year 11, max annual adjustment of 1% every year thereafter, 11.375% max lifetime rate

They manage to stick to budgets and adjust as needed when surprises come up.  

Have two companies bid the repairs, independent of viewing the adjusters scope & pricing. 

Also the limited commitment (1 year leases make it a bit better to be flexible, as your investments do well or poor you can adjust your housing expenses accordingly.)

My understanding is that the Raleigh Zoning Board of Adjustment ("ZBA") is currently overwhelmed with a bunch of issues including extensive permit backlog, rules interpretation issues, and an internal system overhaul.

Two of the common areas of concern for HELOCs I see out there is the 10 year maturity date and the adjustable rate.

You need to always manage your business from the 10k ft level so that you can work all pieces and make adjustments as needed.

As long as you learn and adjust you'll have more highs than lows. 

REITs and Buy and Hold RE have similar returns, and in many cases, REITS surpass B&H RE after adjusting for risk.

You might need an adjuster out there before you start work but if that's unfeasible, you can't not take enough pictures.. do narrative videos, those are the best. how you decide to move forward, would greatly depend on how well the tenant accepts the blame and steps up to the plate to make things right.