They meet on the third Sunday of the month.

I know this post is a few months old, but did you go through with the purchase?

It depends on your financial strength, the quality of the property, how many properties you own, etc.I like to start with one significant expense and three months of vacancy.

This locks in your monthly expenses, versus  HELOC that is variable, and matches well to the long term hold of the rental.I use HELOCs for shorter term capital needs, i.e. flips, or even possibly the acquisition and renovation of a rental, but always with the belief that I will have it paid off in under a year, typically 6 months.  

You could refer the person to the state attorneys office because they knowingly had no intention of paying rent (or security) in that case.You may want to stay away from credit card payments since there can be a dispute by the renter for up to 6 months. 

Some lenders can refinance a hard money loan after 3 months of seasoning / waiting and use the new appraised value if the borrower is looking to pull cash out for a new project. 

It's been a crash and burn learn process but I still started getting reservations within 2 months and a LTR that will be with me until next year. 

So that was about 6-7 months in.

Just did this in GA 3 months ago.

We do have a meetup that happens on the third Tuesday of each month (Tomorrow!)