With a quarterly inspection and prompt repairs a unit is always faster to turn avoiding vacancies.

We pay about $500/$600 for a quarter acre lot on a 5 year treatment here.

I will be starting on my first rehab in the first quarter of 2020 and i will document my journey like you are doing.

HELOC's usually have a adjustable rate like Prime +.5% that adjust each quarter or what ever the terms say.

My PM initially did 10% of gross rents collected until around the 10 unit market then we started lowering a quarter point here and there for each additional set of 4 or 5.  

might want to replace the hose gizzy with a nipple and a quarter turn full flow valve.

Do you want to be somehow hands on, learn and eventually spin off on your own or do you want to just remain passive and collect the checks quarterly?

I try to not leave anything, because when they leave they better not leave anything, not even a hanger.We do quarterly inspections and change the furnace filter during that inspection.I like the idea of the shovel, ice melt, plunger, but my experience has been if you leave them a few gifts they will leave you a few more.

You must pay it back within 5 years with level payments made at least quarterly.

Very high taxes and they pose 5 fiscal quarters of taxes instead of the standard 4.