I the understand the wiring for this specific purpose equipment can be considered with the tangible property. 

I would consider looking for a new PM.2.

Check out property prices, rental demand, and cash flow in the areas you're considering.

If that is the case then that is considered cost of doing business and I would advise that should be calculated in your costs/returns you provide to the investor.IF you are referring to the investor who is the borrower - then I would have included that cost in the loan agreement.

Being a NYC resident (originally from Long Island), the price of entry in the area is on the higher end, so I've been considering some options in the NY Capitol region, as well as NJ and CT. 

Your suggestion would be considered a negative cash flow investment.

To improve your approval chances, use rental income from your first property, consider co-signers, and explore lenders that use Income-Based Repayment (IBR) for student loans.

Somesh Mukherjee, I am Glad you're considering Cleveland. 

DOM is useful in a micro sense, though, especially if you are considering whether or not to use a PM. 

Dan, Investment HELOCS are extremely hard to achieve considering they are not DSCR underwrites. they are more traditional conventional qualifications.