It seems like a simple thing, but reaching out in BiggerPockets about getting started as a real estate investor is a great first step.

Look  If they don’t pay your going to have to kick em out plain and simple !

You’ll also need an operating agreement to go with said llc and that costs several grand for an attorney to do.

This may be a simple question but curious in today’s climate of rising interest rates (mid-2018) , does it make sense for long term buy and hold investors to pay for points to buy down the interest rate or keep the cash on hand instead for additional properties.  

According to my contractor, the fix to prevent further damage seem to be simple, seal the gap between the trim and window, clean the gutter, and replace the drywall on those areas if needed.

We are still operating in a historically low interest rate environment and while none of us really like it, it's actually good for the economy.Best of luckStephanie

Also if the building is getting older and there’s no go to guy than you shouldn’t look around and find a good handy man who can take care of simple problem and affordably 

Simple and free

With combining some simple door/window sensor, a smart thermostat, and a good web interface provider to combine this data you can have great peace of mind. 

@Ivan Dushchenko What you seem to be misunderstanding is:You can get a heloc for up to 80-90% of The Value Of The Property, Less Your 1st Mtg.You can Not borrow "80-90% of the equity itself".Simple example:$100k property $70k first mtgEquity = $30k80% heloc= $80k (80% of value) less existing $70k mtg=$10k can be borrowed (not 80% of $30k)