@Tiana Engstrom if you are getting good cash flow, there will be good appreciation and the property will be relatively easy to sell if necessary in the future then definitely keep the property and do a HELOC.

@Gordon D.All operating expenses related to the operation of the rental can be deducted.

Put out a policy with my tenants if you break something you pay for it. Of course a gray area....tenant claims crack in window due to weather. They are very honest,, elderly couple on SS, he does shovel some sidewalk ...

Im thinking its a pretty solid deal and I was relatively conservative with pricing.

It essentially involves discoloration of the walls and vaulted ceiling that highlights the framing of the house beneath the sheet rock.Well, I have the walls and ceiling scheduled to be repainted but now my tenants are claiming the issue is mold related and threatening to contact an attorney.

Any tips on how to choose the main bases where I want to be stationed in relation to multifamily properties?

After listening to 90% of the BP pod casts everyone has a horror story relating to property management.

Relative to the $200 a month extra for MTM, leasing long term means 10 months or so is the breakeven point.

In the case of a deceased person I am working on I told the funeral home that I was seeking to find next of kin regarding property deceased has to serve foreclosure papers (and probably shouldn't have added or offer to purchase if they don't want to redeem) and they are going to ask the relative who made the funeral arrangements to call me. 

I've found a few relatives.