You calso never have to worry about "Money in the bank' versus a credit risk HELOC. 

We were able to refinance with our go to bank at a decent rate in this environment which allowed us to pull out our initial investment and renovation cost.

If Tenant fails to establish a utility account, becomes delinquent, or is disconnected for any reason during the term of this Agreement, Agent shall charge Tenant for the actual cost of utility use plus a $25 Administrative Fee for each invoice processed by Agent.

When you are dealing with community banks, they actually like to see diversified ownership. 

Quote from @Jamie Banks: @Jason Tucker Yes, you can't turn them away because of their sex but I've seen some investors who have multiple rent by the room properties "refer" someone to one unit vs. the other.

You may be able to get a levy against their bank account or file a wage garnishment without the need for going to collections. 

i am totally impressed with the way 'guru' out there trying to influence people promising there's a gold cave somewhere from 'infinite banking' to 'my own the greatest system ever' :-) I bet they save their money in the crypto token as well.

Depending on how bad it gets the fed will step in and fire up the money printer, of course that would be after a big bank fail and/or massive layoffs.

I used that to finance the next four before the bank cut off the HELOC at 72K.

Will he co-sign on loans from banks or private lenders, or will he just say, call 15 banks?