Just like these folks post on BP  hey I don't know anything about NPN I would like to partner with someone.. they are relying on that someone to run the show.. let me tell you I had a 4 hour grilling over this with a state financial investigator who was one sharp attorney.. and with my attorney we argued back and forth up and down.. but it does not matter.. the remedy is to take it to law court for 100k and see who is right the regulator or my attorney..

However, I currently work & reside in LA and have done the math as well as talked to others it does not seem "smart" to invest in property around LA nor southern California for that matter, especially if I want to house hack It ruly have no desire to live within the property I purchase I want to treat it as a business more so than anything else. 

If they are ever late again, enforce the policy 100% no matter the story.

In Chicago it doesn't matter the daily rate. 

Keep listening to podcasts and use all the free tools here on BP that not only teach you a ton of amazing stuff but keep your spirits up and mindset focussed on what really matters as you walk through that desert ahead of you.

I looked online and the definitions are confusing.

If the owner cuts them at any other time, for any reason, no matter how long he’s been with them he’ll pay the fees.

Then as maintenance happens they get paid usually again some nominal fee.It’s all done through email and online softwares

I don't know your market, but I don't think I'd do a deal like that unless I had a great day job that ensured me that I could pay the mortgage on this property no matter what.

Heloc can be great but just remember no matter your financial status with a heloc you will forever owe it should you run into any problems.