I continue to keep abreast of changes in the business world by acting as an Adjunct Professor of Investments at College of Santa Fe School of Business.In my free time (ya right I have tons of that) I enjoy spending time with my wife, Dana, a private practice attorney, and my son Alec.

@Dana Nicholson Are you writing the business plan for your LLC?

@Dana Nicholson - I see where you would think that.

@Dana Pollard, would you mind adding me to your buyers list too?

You can only take the 3.5% down payment with a owner occupied property, so you would need to move for each new one.Like Dana said, there are reserves requirements and you will need to show the rental income on your tax returns for 2 years to use the income to qualify.

Hey Dan, a HELOC might be an option if you have equity in your home. 

@Dana Whicker Thanks.

Thank you @Dana Whicker!  

3.Lastly, what are some big red flags (ones other than the obvious like water Dana he) I should keep an eye out for as I tour each prospective property.Thank you for the help in advance!

@Dana Holland, how is the risk any different when using a heloc vs using their actual cash 2 years from now?