If you pull from HELOC then in effect you are still using your own money (via equity tap), so wouldn't that amount also go into the basis for calculating cash on cash ROI?  

They may qualify for your property on the site, but when you view the uploaded documents and see that he pays occasionally, and misses to or 3 months at a time, you can still select deny.

In effect, just because you pay them on a 1099 / independent contractor basis, doesn't mean that the courts or WC commission will agree.

@John ThedfordI realize you are an agent, the effective way protect yourself is use a lease and a contract for option, finish the lease and get the option, from my FL attorney 

I don't remember his exact words, but he said something to the effect of, "you have to keep your pipeline full of prospects.

I'd get people who didn't "get" the idea of an answering service and try to strong-arm the call taker into contacting me directly.People would hang up, call back, hang up, and then leave nasty messages to the effect of "I've tried to reach Jeff several times but he hasn't returned my call."

Your lease should have a notices required recital, certified mail, return receipt requested to the address of the tenant, notice effective upon the mailing.

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What you are talking about is a down payment, so if you can get 80% of the property financed at 4.5% and use the LOC for the other 20%, your effective interest rate would be much easier to deal with.

Then drive by the short list and select a few that you want the realtor to show you.