It is usually a series a poor choices that get them to that point and it can't become your problem.

Your manager should want to do their job well and be dedicated to maintaining excellent standards. 

Excellent credit score.Thanks a lot!

Cats like to play with mice until they've killed them, and then unless they are starving just leave it as is (given the choice a cat would eat a live animal versus a dead one any day).

Is a Heloc or 2nd mortgage a poor choice if I can get this property in shape by January/February? 

Went with Jet Lending and they are considerably high but I had no choice. 

The potential tenants are aware that I'm the PM and neighbor.Rent: $1,600Tenant 1: a few years about of school, excellent previous landlord references, two jobs, seemed clean cut and put together, Gross Income to half / full rent: 6.77x Half Rent / 3.3x Full RentVolunteered dad (well qualified cosigner) who agreed to be cosigner and passed all screens.Tenant 2: Similar life status and feel as Tenant 1, lives with parents (no rental history), toured apartment with his mom, Gross Income to half / full rent - 3.6x Half Rent / 1.83x Full Rent.Would you require a cosigner for tenant 2 or is tenant 1's dad enough when combined with both incomes?

This would not be a good deal for me, but that's a very subjective question.2) Objectively you should refi for 30 years, but there are many subjective influences that can make 20 years the best choice for your personal situation.Sorry, this only qualifies your question!

Ashish gave you an excellent break down. 

And another poor renter will be “homeless” (or more likely living in their second choice for location and safety.)People always use the lie that 97% of experts agree on global warming.