Russ when people ask me about this side of the real estate many times I relate your personal story.. as I found it quite interesting.and that like with most business's that have the opportunity to make significant income you actually need significant up front capital to launch and have savings to live on while you prime the deal pipe line..   

Signing the dotted line)What is the extent of the renovation (how risky is it)?

.- Unless we have deals lined up and a highly predictable deal flow we can raise the fund but only do capital calls once deals are under contract.

We haven’t used it yet, except for…see next line.2018-In July, we rehabbed our Ponte Vedra condo.It’s done now and newly rented for double what we had been renting it for, so now it is providing not just positive cash flow, but outstanding cash flow. 

We are considering getting a business line of credit on our rental property in the states.  

Bottom line if it is exposed to the market and marketed reasonably well, and does not sell, the price is probably too high.

What is the best online rental payment collection site to use for 1-5 rentals.

If the self search does not turn productive, try the paid service on CoreLogic which gives a summary information on the property interest details.

Adjust as needed.Third -- are  the two vents in the same line, and immediately after each other?

I have a line of credit with my bank for this specifically I buy for cash they refi me as soon as a new appraisal is in.. no waiting period.. of course these are short term value add loans not long term buy hold loans. but I suspect they would do the same if I wanted to own rentals.What I have Steve and have had for 15 years.. is I have a TRUE unsecured LOC  that I use to buy the sherrif or trustee sales for cash.. so NONE of my own money... then when I get the trustee's deed and a quick appraisal the bank moves them over to my holding and rehab line.. again no money out of pocket..