Hello everyone im a newby, this is my second investment property.I’m using a heloc from my primary residence to buy an investment property for $145k and I’ll use my own cash for the $15k in renovations.

.:  If only it was that easy amigo.Bitcoin Jesus renounced us citizenship in 2014.Didn't pay $200m in taxes I believe for 2012 (While still a citizen).Interpol just picked him up in Spain not too long ago.So you gotta do the fraud after you renounce your residency in order to run and have better chance of not getting dragged back to US soil hehe well Clayton Morris just took off with the 4 to 5 mil he made selling fake houses in indy and other places.. well houses existed they just forgot to rehab them. 

Never had a problem with mine at my personal residence then again I'm sure tenants run it hard. 

If the residence is inside a gated subdivision or a controlled-access buildingthat is governed by an owner’s association, a letter from the association acknowledging the use and grantingaccess to occupants of the rental unit will be required as part of the application.A short-term residential rental requires a Conditional Use Verification (CUV).A short-term rental use is unavailable and prohibited within a residential unit or a room within a residentialunit that is located in an apartment building.

In 2017 we started our journey with long-term buy-and-hold investment properties in the Memphis, TN area after selling a property that we were losing money on every month in NOVA that we purchased as a primary residence in Jan 2007 (talk about all-time bad timing) and then had to move with the Navy in 2009 (2nd all-time worst timing).

I am moving out of a home that was my primary residence, and it is becoming a rental. the mortgage is currently in my name. 

I own a house that I am living in with a VA loan and want to buy a different home and move into that as my primary residence and rent out my first home.

However if you are attempting to use rental income for your departing residence that's where it will be a little tricky... 

If the students do not have the income or credit to warrant the rent amount, I would require that they get a cosigner (like a parent or another relative that can vouch for them).

This means that you will probably need to pay registration and filing fees in at least 2 states if you don’t buy CA property as a CA resident.Be sure to tell your accountant that you may now need to file non-resident income tax returns in each state where you own property as well.