I only charge a percentage of what the property earns in order to ensure the best quality of services.

However, when I try to find rentals, I only find one available unit in the town.

I know that area is not necessarily a great location, but I only have about 35-45k liquid capital to put down, and another 30-35k available for any remodeling (ideally I'd like to spend max 15-25k, but I figure I'd save another 15k extra just to be on the safe side.

In a week I only saw two dumpsters in the front of places which seemed peculiar for the SLC metro area.

If you go that route, wouldn't you be stuck with paying the interest back on the money you borrowed from the HELOC, in the end having a net negative?

So, this is the thought process; I really appreciate the feedback and Welcome any advice, positive or negative. 

But it goes to show you this definitely NOT risk free.If you are going to play you really want to diversify your risk, either by doing a dozen or so deals and/or partipacting in a fund which gives you exposure to several properties.I'm going into my third year doing this and been pleased, that being said i only has maybe 2 exits and the rest is still in progress but I am getting my monthly/quarterly checks so that's nice!

Check the law for your area where the property sits.Honestly, the reality is that the debate of lease or no lease does not negate the fact she has not paid the rent and therefore should tell you how this tenant is....EVICT !

The tenor on social media right now seems dominated by negativity and bullying.

If gross rental income is $2850, and operating expenses are $2742, you will have negative cash flow after mortgage payments.