I guess that's part of my question, if you could have the security deposit cover that and people's experiences so I could better prepare myself. 

This would make a great co-hosting opportunity without worrying about making enough to cover rent.

I've had clients rent by the room short and midterm and covered their entire mortgage.

In the case where those assets did not cover the costs for the line, would that lender also have a clawback clause that allows them to claw at other assets?

This plan covers 24/7/365 troubleshooting services from Lula's experts (such as guidance on resetting a circuit breaker), tenant coordination for scheduling repairs, and access to a network of vetted professionals.Once you're subscribed to Lula, you can set aside a pre-approved amount for repairs, which can be used without needing to contact you as well.

Will rent out the unit we’re leaving which covers about 65% of our new mortgage, if we pocketed it but that stays in the rental fund. 

Right now, even if you have no reserve money saved, if a bad situation came up you could tap that 401k to cover the situation. 3.

My bookkeeping firm provides me with a steady active income, which allows me to keep doing deals, cover unexpected expenses, and navigate the occasional black swan event.

Cover your bases for starts and then get legal advice. 

First, most investors and owners of real estate related businesses are in one or more of the following situations1- they’re unable to duplicate their expertise that drives the ROI and they are at their personal max capacity as to time2- they’re obtaining high ROI by use of excessive leverage 3 - they’re obtaining high ROI by taking excessive risk4- they hit correct timing in the correct market, and this is not necessarily repeatable with any probabilityIn order for an investment or business to scale, we need the ROI (on a risk adjusted basis) to be sufficient to cover a PREMIUM risk adjusted return to passive investors; all expenses of managing the assets and the business, and a significant return to the “sponsor” providing compensation to him making the work, risk and time worth while.