I am pretty sure that lenders can pursue deficiency balances via deficiency judgement in Nevada, but I could be wrong.So your only risk is the lender foreclosing on the collateral property, and then pursuing you for any deficiency balance once liquidated.

You do not want to risk you own reputation as it is being built up and you certainly do not want to be in proximity to him when and if he gets himself into trouble.

I am an accounting professional who works in risk management for a large private banking institution.

There might be a cap on the number of months you could or should get but without say, three months, on each home you run the risk of running up high carrying costs right off the bat.You didnt share your numbers so I hope you're comfortable with that.

Do NOT get in over your head, start small, take baby steps, learn the business before you start risking more then you have to lose.Let me know if you need help, I dont charge haha.

Partners will take on the risks and associated management duties of the business.

I don't want them to be in charge of repairs.I agree with you Rob, why risk thousands of dollars to get $50 from your tenants?

If your borrower is not taking a risk; Why should I (lender) take all the risk then. thanks for sharing and its a new year, Stay Motivated.

Can I specify in my lease agreement something along the lines: it is prohibited to use a balcony, using a balcony poses a risk of an injury and it’s a violation of the lease etc.

A HELOC is flexible and cheap initially, but it has more risk.