It would probably help if the story you told was about accessing the equity to purchase further income producing assets rather than fly to the caribbean and buy an Audi.By putting together a small but professional looking package and going to sit down with some community banks in person, I think you'll get a tremendous amount of experience and straight feedback on what's possible or not and why.Good luck!

Nothing exciting* Contacts - people that are in properties and or have been historically* Leases - term, amount, contact and the signed agreement* Files - closing docs, appraisals, insurance, etc. grouped by Property* Income - amount, date, property, attachments, category (rent vs lease option fee, etc)* Expenses - actual expenses, date, property, attachments (mortgage, capex, maintenance, turn, etc.)* Reserves - savings from each rent payment for future expensesIf you wanted to use more like a PM, you could set up an online form for tenants to input requests and include attachments and track maintenance through it.Hope that helps.PS - I still use Excel for projections/modeling

Is ThIs House To Small For the Amount I Would Rent In The Area?

I them know that everybody is responsible for the entire contract amount no matter what happens.I do not allow subletting in your lease.

In ohio you do have to pay interest on any amount above a one month security deposit, but rates being what they are the cost is minimal and far outweighed by the benefit of actual notice.

PMMI is approx $3700, so after additional expenses and etc. there should be some amount of cash flow. 

OTOH, if the landlord is asking for this change, I'd insist on the correct amount - $230.77.

@Elliot Saks - Milwaukee has great cashflowing properties as  there are a disproportional amount of renters (roughly 40% of households) and a solid inventory of low-priced housing. 

I am relatively new to REI, and its great to see how some people start, facing the constant "No's", and how quickly you can grow in a relatively short amount of time. 

Could have also been something else recorded between the first and this second, such as a contractor lien.You should assume you will need to pay off the first in full for whatever amount they are owned.