This will vary be lender, but just be aware of that and shop around.Also, as of now, I like the HELOC route, because I don't have to pull all the money out at one time.  

While I want him to pursuit the college route and get a degree, I would not disown him if he came to me and he wanted to become a plumber or an electrician.

There are far less hoops you have to jump through, and those lenders typically move very fast.The terms varied based on time of year and lender.

So it makes sense to choose a home that will make a good rental right from the start.Common factors that real estate investors consider when choosing a good rental property include:The neighborhood, which will influence the type of tenants the home will attract and the rent they can afford to pay.Property tax rates, which vary widely from one place to the next and can have a significant impact on the total return of a rental home.School district quality, crime rate, and overall neighborhood ratings affect occupancy levels and the overall value of the home.Job market and population growth are two indicators real estate investors consider to help predict the future demand from tenants for rental housing.Housing Price Index (HPI) and Housing Affordability Index (HAI) are two other metrics investors use to anticipate rental property demand, because when home prices are unaffordable more people may choose to rent rather than own.Average rents and rent growth also affect where to buy a home to house hack, since the rental income will be used to pay for part of the mortgage and other expenses.

Didn't know it would be a bit hard to sell because of the slope of about 15-20 degree.

All of these costs won't vary significantly enough by property to affect your analysis at this stage so for ballpark purposes you don't have to do it over again for each property.HOA fees will vary from property to property and there's no way to know without asking.

Typical costs can vary widely depending on where you get your furniture, labor cost, etc.   

Just make sure you run your numbers with a PM and see if it's worth it to you, rough average is 8-12% of monthly rents, but can vary depending on your area.  

At the beginning of your addendum, reference the prior "rental agreement" or whatever it is titled, the date it was executed, and all of the named parties.Then clarify the changes you all agree to, which could include just the parties, or also change in length of term, or, change in rent amount, and all sign.The addendum should address how the SD is handled, but may vary depending on terms of existing agreement.

We had 30" snow last weekend, and temperatures rose today to 45 degrees and pouring rain.