The interest rate is variable, and we pay only on the amount that we draw from the line.  

Does that mean that 2 separate college students wouldn't be able to rent it because they pay separately therefore they are not a single family?

The tenants will be responsible for arranging and paying all utility services required on the premises.” not very detailed I know I wish I would’ve done better but that’s what it says

Between all of the set up work, creating your listing, responding to guests, setting door codes, scheduling cleaners, paying bills, reviews etc it is not hard to log 2+ hours per week.

Business plan would be to rent lots for $400-500/month, tenants pay all utilities. 

But making you pay half I dont believe is right .

Caleb - I pay my own attorney fee ($650) on an assignment.

You will eventually have to pay back the principle of the line of of credit.

You'll also have to pay some depreciation recapture unless you do a 1031 exchange.So take that number and subtract what you owe on each of your mortgages and you'll be left with a net figure.

Lancaster used to have alot more crime 20 yrs ago and it turned and now im seeing the same things happening in Reading not to mention we know the rental market there has been amazing we get great tenants who pay only 1 or 200 month less than apartments rent for in lancaster.