I like HELOCs because you can pay extra but then draw that money back out as needed.If you do decide to keep the HELOC make sure you deduct it as a business expense in 2017 and not an itemized deduction for your personal residence.

The only legitimate expense we can payupfront, that I could think of, is for the Appraisal - a few hundred bucks possible.

I live in the bay area and i want to start my first investment, however looking at the current bay area market, everything is so expensive and unaffordable.

I had been a published author for all of four years, and in two of those years my expenses were greater than my income.

Learning they say comes with making mistakes, some of them expensive ones such as this one from the point of view of money paid to structural engineer to inspect the property. 

If you already own investment properties, you have to show reserves for those, too.If you're going to own a rental, it is essential that you have cash on hand for big expenses that have a way of popping up.  

Newer parks that contain more expensive mobile homes are better, but my guess is the older run-down parks are more profitable for an investor.

Insurance companies require evidence of damages and expenses - it stands to reason AirBNB would also require such things.That said, they should be more specific about things such as why the invoices you did submit were not adequate.  

As @Brian Adams said, make sure this is a deal that is worth the potential expense. 

Sorry. I didn’t mean to double post but I can’t delete the forum.