I think the risk is minimal as long as you play by the lender's rules and prepare to pay the accrued balances if needed.

If I had a $500 deductible, then they would've given me back $250 (750 - 500), which is basically the difference between the premium on the 2 policies. 1) $1000 deductible: $700/year premium + $750 in damages = $14502) $500 deductible: $950 year/premium + $750 in damages - $250 from insurance = $1450So basically it's all a wash, but I will usually save money with a higher deductible in the long run (as long as your tenants don't get broken in on!).

Then after the property has been rehabbed, rented out, & stabilized the refinance should allow you to pull most if not all of your invested money out (as long as your calculations have been correct) as a bank will give you around 75-80% LTV (loan to value) depending on which form of financing you go with.

It doesn't really matter that Buzzfeed is just fluff as long as people read it.

I figured as long as the rent was paid it was more money , I was gonna have to clean paint and replace a lot anyway .

As long as you clearly define roles of each person up front it should be a pretty good relationship. 

Recently i got “trapped” with a situation that is out of ordinary.I have a tenant that has been renting my property for almost 18 months, and we have signed a diplomatic clause, which allows him, in case of relocation, cancel the contract without penalty, as long as he gives me 60 days notice.He came in the beginning of march and told me he would be relocated.

I wouldn't say you got too over leveraged too quickly...but I wouldn't have used your HELOC for all of them at once (more or less).I doubt your HELOC will be declared due from the bank as long as you're making payments on it...from the rents(?).

The length of the lease has little effect on how long a tenant stays.

As long as you learn some lessons from what you’re dealing with and don’t repeat the same mistakes, then as I said earlier, you’ll be a good investor down the road.