I would pay off this loan/line of credit with all my net resources monthly and pull from it when I have expenses such as food, utilities, gas, car....so basically I want a line of credit that is large enough, 400K, to payoff my mortgage on the property.So if I can find a bank/lender that would give me an 80% LTV and the property is appraised at let say 1million.

Living day to day to have food to eat and pay bills.Next level is security mode where they have gone from 50k income to maybe 100k income and are comfortable.

I don't pay for hotels or food or anything like that.

But then we enclosed the porch for another room & then rented the barn to a food vending machine supplier, (& then we had rats).I miss those days.

Also food was left behind and the home was filthy.

The title search I had performed as part of the last deal did as you are suggesting in which as part of the final HUD Package I received letters from municipalities and utility providers of no standing charges.

The info I learned there as well as their all-in-one screening package saved my rear-end to help me through starting out.Is being a Landlord and a BRRRR Investor a stress I can live with?

Click on lease package and it will allow you to choose the forms for your state.

BTW, they receive no W2 income, in other words, no paychecks and all expenses, food, auto are paid by the religious order.

If a deeper pockets investor wants a 15 property package this week there wouldn't be a problem.