My personal philosophy is to only rely on the factors which you have a direct impact on - cash flow being the chief one.For myself, I would never buy a turnkey rental in this market, because the length of time it would take for you to recoup that cost is insane. 

We then built out an algorithm based on the year and a half of historical data to determine which of the Us (unavailable) are Rs (reservation) and which are B (blocked).Our model takes into account 16 different criteria picked up by looking at the historical data set (the length of the booking, the booking lead time, the historical performance of the property) to make that determination.

But if renting to a family member he will want to treat it as an arms length business transaction. 

I also don’t like to look stupid by asking if they have considered something that they have already talked at length about several times.My favorite “Heavy Hitters” on BiggerPockets pockets are @Jay Hinrichs, @JD Martin, @Mike Dymski, @Mindy Jensen, @Joe Splitrock, @Jerry W., @Paul Moore, @Brian Burk, @Serge S. and @Brian Gibbons, @Joe Villenvenue, and @Ali Boone.

The main thing you lose with cellphone is the depth of field settings, focal length,  and control over your light quality.

In a B class type of rental, I would absolutely suggest going with a nicer set of cabinets that will last for the length of more than one twelve month rental.

Trouble with that strategy is you have to pay to file and you need entities or persons that can file (ID and SS#s, etc.)The guy who bought that house at the HOA foreclosure appears to have a lengthly petty criminal record.  

Collecting rent from someone on a lease of any length should be a no-brainer defense to a chargeback.  

Where I’m at a term tenancy can be any length the two agree to and tenants don’t need to give notice to vacate at the end of the defined term.

So my suggestion is that if the length of loan is either unknown or known to be long term, use a fixed rate refinance over the HELOC.