If you have 50k in consumer debt, a bank is usually going to look at the total amount and use ~3-4% of the total as measurable debt service. 

My advice would be to NEVER go without liability coverage.Also, typically speaking, the cost to add premises liability coverage is usually pretty low.

They get a weekly per diem, usually around $500/week per person. 

The equity in the home is the only safety net you have to buffer what will be negative cash flow long term.

We're used to covering the closing costs (usually minimal because when seller's call us there's no need for an agent or commissions).So, even when we have a seller who could pay the closing costs, as in example 1 above, we pay the closing costs anyway because they need the extra motivation to say yes to our offer.

Usually a non-working outlet is just one of those of those maintenance things that happen and is not something the tenant did wrong. 

This can vary, but that's usually what happens.

If it's too good to be true it usually is.

With the information you’ve given, I’m generalizing, but it’s usually a better position to be in to retain more of your own cash on hand.

.- Given where Austin prices are, they usually require you getting a hard money loan. - They take a long time to complete (and a lot longer if you have have to get permits). - They generate high carrying costs from interest, taxes, insurance, utilities.