Then instead of depleting your money for let’s say a downpayment you borrow against the life insurance up to 90% of your cash value at around the same interest rate (making it a wash) to put into deals and you keep all your money growing in a guaranteed interest baring account while using low rate OPM to fund deals.

He also asks me to send the check in mail and then he will send the lien waiver in mail after the amount is cleared in the bank. what is the regular practice to get lien waivers from the GC's? 

He had a regular full-time day job with medical insurance.

We record these regularly and have protected more than one property.

I'm also looking right in the centre of the city where the units are quite small so there is less area that could potentially require capex.Another nuance is that in Australia, washing machine, dryer and fridge are something that the tenant handles, so nothing would go towards this for capex.

By time you figure in the added expenses of mid term rental and potential vacancy/turnover a regular rental at slightly lower rate could also work out the same. 

Account Closed points out, many folks are holding onto their regular W2 jobs.

@Alex Wise, also because of the increased inventory in most markets due to"regular" homebuyers no longer in the market to buy, higher interest rates can be off set by motivated sellers accepting below listing prices, paying for closing costs, and paying for points to provide the buyer a loser rate.

Should BORROWER default in the prompt payment of sums due LENDER, LENDER may immediately proceed against GUARANTOR, and shall give written notice to the GUARANTOR, together with an accounting of all sums due as to which BORROWER is in default, by regular or certified mail.

I leave plenty of extra garbage bags (I want the trash bagged) plenty of extra TP, laundry and dish washing soap.