I know that it is important to have cash reserves set aside for unexpected issues that may arise with the property.

All of my regular contractors know to call when they run into something unexpected; or if the Tenant has three other requests "since they are there"; or even if there is a, shall we say, "housekeeping" issue.By the way, you do not want to charge against their deposit while they are occupying the premises.

Mr.David Zheng this is a good accident happen..Yeah..all the sacrifice you made for this project have a good result.Its a victory!!.

The Only reason to use the heloc is if you’d need to borrow from it for unexpected expenses.  

I'm having to deal with tardiness, work truck accidents, staff performance issues, customer complaints, and customer service; it's overwhelming for a recovering accountant.  

I'm being told yes and it's an unexpected expense

If you're one of those timid folk who would rather swim with crocodiles than head the eviction process yourself then hire a lawyer - I recommend finding one who will evict for a set rate so you don't end up getting some crazy, unexpected bill.I evict tenants on my own (when I lived out of state my lawyer friend helped me do two evictions free of charge but the other two evictions I performed myself - they're a tad bit awkward, sure, but not as awkward as letting someone live rent free in your property).

Several years ago, I had a major car accident I should have been scalped to death in.

Or, significant life changes could occur after they've moved in, leaving you to handle unexpected situations.When you choose not to proceed with an applicant, it should be based on a consistent set of criteria.

Not a problem to wait 6 months in the grand scheme of things (unless it was purchased with tight deadline/balloon debt), but it's unexpected.