It depends on the specific deals and terms.

They have now stopped repling to our commications since I told them that they would not have the option of extending their lease at the end of the six month term [option to extend was contingent on 6 on time monthly payments].

. - Lastly, if you are looking at real estate as a long term buy and hold strategy, you have to look beyond just cash flow.

If that is the case, then those are the terms your sister agreed to.

I am an out of state investor that has a number of properties in the Evansville area and I am looking for a trustworthy long term PM relationship. 

If your insurance coverage isn't enough, they could seize the LLC assets, but not your personal assets.Additional thoughts:1.

I love this house and don’t want to lose it, I would like to add houses in the long term and build a portfolio. 

Together, we negotiated favorable terms with the seller, ensuring a swift and beneficial transaction.

Mortgages in Canada come with different terms (eg 1 yr, 2 yr, 5 yr) and fixed and variable rate mortgages. 

If the deal is good enough and you are confident about the profit potential, you can always use credit cards as a short term cash source as well.I'm also relatively new to this, but have recently jumped into the game.