What's a fair amount, well that depends on what this is actually costing you in terms of actual expenses plus the time and hassle involved.

Long-term trends appreciate over time.

That means a higher rate and less favorable terms. 

Our long term strategy is buy and hold owner finance. 

The private investors form an LLC and get standard loan terms in a promissory note without equity or profit sharing. 

So, you need to be sure it makes sense as it does not always do so.Also, keep in mind, line of credit are for short term cash needs NOT long term for example a down payment on a property you plan on keeping for the long term.

A word of caution, though, from calling tens of cities and counties here in Colorado, even the supposed experts don't always know what their own short-term rental rules are.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $118,000

Cash invested: $30,000

This is a single family property this is rented by the room. The entire house is fu...

I don't have a preference for age in terms working with other folks but young can be good from an energy, optimism and having enough time to put in the extra hours when needed (usually a younger person is not going to have a spouse, 2-3 kids and a bunch of other responsibilities).

Any advice on the kinds of people I should have in "my team" to make this a success?