We were arms length & the woman left without contesting it; the clean up was a chore but worth it.

Prepaids include your daily interest between close and end of month, insurance premium, and possibly taxes.If you take out the prepaids, your closing costs run about 5% of the loan, so not too bad. 

Daily rate is $400 (or whatever price would price you out of anything nearby), but the weekly rate is $1000 (or whatever).

It’s definitely not too passive as you have to collect books daily etc.

And then there is the question of the compounding period...daily, monthly, quarterly or annually but let's not go there!

Plus I have reserve cash set aside in case I went over budget.How I Found it- I went to a real estate meetup that I found on BiggerPockets and talked to an agent that set me up for the daily MLS emails. 

Daily fees can be problematic with some judges, so we stick to just one late fee charged all at once.2.

I also just got my salesperson license in Massachusetts - I did this course online for flexibility but did the hours daily so it only took a few weeks and another month or so from there studying for the exam.

The upside is you lock in an interest rate for some number of years.With the Heloc the interest rate adjusts daily but you don't actually pay any interest until you borrow the money and deploy it. 

@Kumar GauravThis subject is covered almost daily here on BP.