@Holly Bixler , it depends what state you're in but most states require a landlord to give their tenants a reasonable (days wise) Notice to Cure. 

The only reason I've been able to purchase 3 houses this year is by showing POF and closing quickly.  

I just can't think of a good reason to do this. 

Additional costs such as closing costs (investment property and home equity loan, vacancy in the beginning, repairs)My main question is: Is a home equity loan a reasonable way to generate money for your first deal? 

Nobody will accept an offer if they don't know whether you can actually buy it.That's especially important around here because anything that's a reasonable deal will go under contract very quickly. 

We will need some $ from equity to close on next home.For whatever reason, market for home sales are soft in our neighborhood, but rent is pretty firm.

He is really a nice guy and I don't think he would rip me off, and if he did, well, that would just be the last deal we did together.Does this sound fair and reasonable? 

What does that mean - it means that you can take all the classes you need to be a successful investor, manager, financial planner, ethics and legal reasoning etc with the only penalty being you get a grade less than desired and of course you are spending for college.

It was talking about that Union City was upcoming and it was good place to purchase properties for a few of reasons that we still talk about today. 

The 1st thing we should do is see if your fee structure is reasonable for the market.