mid-sized apartment building, you should be working with an experienced broker and/or attorney who should be able to advise you on what materials and {diligence} conditions should be identified in your APS.Building on what has been stated above, be sure to include the collection of estoppels from all tenants (and suppliers) and to have the clock on your diligence period start only once the Vendor has supplied the information requested of them (in the APS).Other items which we typically request as materials include: all leases and contracts; blueprints, engineering diagrams and assessments; existing environmental assessments; authorisation to pull the permit and work order / citation history on the property; finances for the past 3 years; current rent-roll along with economic vacancy (physical vacancy, concessions, evictions); list of recent CAPEx; statement of reserves (note: this should be included in the financials, but you never know).

Heloc is a great tool, but it's essentially a credit card against a portion of equity in your home.

I screen like I would a regular tenant but with a higher credit score requirement.I've had to take a couple back and wished I'd just rented them out. 

If the value came in low enough you can still work on lowering the taxes, but otherwise getting credit for an extra bedroom per unit is a good thing. 

Have a portfolio lender in mind, few PMLs, and potential line of credit.

I discovered rent to own at this time and after a day or so, I found a renter that would rent my house for $1,500 a month that passed all checks (credit, background, income etc...).

Cl. 84 (2012), the Court carefully analyzed the regulatory history of the exceptions, and concluded that the “government control” exception does apply to emailed proposals.

All great tenants that have been in the property for 5+ years, and are on the older side with good rent history.

However, he has never paid principal, interest, or taken a deduction on the property (he lent his name and credit so I could purchase the property when I was younger).

There is no risk in establishing the HELOC (assuming you one can be responsible with such a thing) - its a line of credit, not a loan.