If you are just dealing with a sales and marketing company then you won't have the accountability and you will be paying additional unnecessary markup.

That he has very little vacancy or non paying TENANTSSo a good rental model it seems.

If you not tied to a specific location, the Midwest would also be a great place for STR without paying California house prices. 

Purchase price: $525,000 Sale price: $525,000 Project Overview: Duplex to Triplex Conversion for Long-Term RentalIn this real estate investment project, I assisted a client in purchasing a duplex and transforming it into a profitable triplex.

What I wrote above does not create an attorney/client relationship between us.

Make sure you pay attention to the comps to see how you need to rehab your properties. 

In my view the amount you pay for this course is nothing when you compare with knowledge you gain and actions you take. 

Should I require both of them to pay application fee or only one fee?

If we were seeking a more standard client, we would not plan to paint.

If you do pull out money from the HELOC, have a plan to pay it back within 18 months.