Although I understand his frustration I do feel he is being unreasonable.

@Brad Penley some suggestions I always try to get my client to take when buying a property that will require flood insurance due to your loan is, 1) make sure you understand if the property has ever had a flood, If so what year and how the water got in the structure and if the damage was repaired, also good to know how much the claim that was paid.

Wow, thanks for the insight Jennifer, getting an actual scenario on the numbers really help understand which side of the wind is blowing.

I understand you all can be busy.

@Ken Catron My understanding is she could get a 5% down type of loan, but typically banks and all lenders want to know you will occupy.

Not sure I understand your question; do you mean that you own these 30 properties free and clear (no loans), and when you went to apply for a HELOC the bank wouldn't give you one?

I'm new to REI and trying to understand it from all angles.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

After spending an hour going thru these forums, I understand that the ex is an occupant and may have some rights after living there for more than a year.

I think that the good ones have someone that understands accounting basics.