This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Any lawsuits should be limited to the assets of the LLC and not your personal assets (assuming you run the LLC appropriately and the corporate veil is not pierced, some debate as to SMLLC).

@Robel Nessro  Many young people are buying houses and then having roommates to help pay the bills.

The benefit is it is revolving so you can take it out and pay it back multiple times.

There's not going to be a nurse who will pay $4000 themselves to rent a 5/2 and the property wouldn't cash flow if I rent to 1 nurse for lets say $1400 / month. 

As we all know, you are really paying for the commission in the purchase price. 

If a tenant causes a claim, why should the landlord's insurance pay - possibly resulting in an increase in premium or even a cancellation of the policy?

I’m continuing to work with the tenant, but we’ll be approaching two weeks late with no signs of plans to pay.

I know I could put furniture on 0% interest credit cards, but I would need 2+ years to pay it off and I don't want to have to jump through hoops to cycle a balance onto new cards. 

There isn't enough cash flow in these deals to pay the mortgage, monthly expenses and the HELOC that I'm trying to leverage against.

Billing is different for most and more than likely, you'll pay a retainer of some sort up front and have a balance due.