Nate @Nate Marroquin   You can use the income from your tax returns on the current rental adding back your paper loss (depreciation) and add back the mortgage interest, property taxes, home owners insurance deductions on your tax returns. 

Hello Guys,As someone who’s built sales funnels for marketing agencies, I’ve been diving into strategies that could work specifically for wholesalers—and I wanted to share a few ideas that might help you streamline your lead generation and close more deals.3 Proven Funnel Strategies for Wholesalers:* Capture Leads with a Targeted Landing PageSkip the generic “Contact Us” pages!

What kind of insurance do you use? 

Taxes and insurance will be another $400+.

@Treza Edwards "I am reading the Rental Property Investing book and implementing the method that focuses on cash flow and that strategy states you need to have $300 cash flow per month, per property.

Credit is a factor as bad credit may limit options, or may have the lender require you to put 10 or 20 years of taxes and insurance into escrow. 

Have you used the strategy?

There is an offer to buy but if I include everything I've spent over the years, mortgage P&I, taxes, insurance, HOA, and recent repairs, I will just break even.

What do you guys think about this strategy of opening up a HELOC in hopes of freeing up some of my other capital.  

Not once has one member ever said the LLC saved them when insurance wouldn’t have.