Once you do the rehab you can refi to pay back the HELOC.

He accused me of stealing and said he needs proof that he did not pay the deposit.

If tenants struggle to afford food, they'll likely struggle to pay rent.

Does it make sense to pay a premium for cheap interest rates with seller financing, or would it just be better to put 25% and forget about my 15% criteria and just go for distressed sellers and just get a commercial loan. 

Love listening to all the gurus tell you to just tap into your house's equity to use it to create wealth, but you can't tap into money you can't afford to pay back.  

Document everything.I just had a guest at a property that I manage ask for a full refund for a stay he booked last minute, ignored paying a pet fee, ignored my request for the pet fee, asked for an early check in.  

People need to eat and pay rent.

With the substantial increase in home prices across the state, it has become more challenging to find sound investment options for my clients.

The pros: - not having to do a major renovation from out of state- easier to get a conventional loan since the house is livable vs. a distressed property (would need to pay cash, do a hard money loan, some other type of financing)- can get a tenant in quicklyThe cons: - you don't know how good the renovation is, could be cosmetic without addressing underlying safety issues (plumbing, electrical, foundation, etc). - a home can pass an inspection but once someone is living in it and putting daily stress on the house (turning faucets on, light switches, turning on heat/AC etc), things can start to malfunction.

Tenants pay electric / gas / water. these percentages were from the numbers i inputted in the software.