Stop hanging out with your deadbeat buddies that spend all day drinking, talking sports, and otherwise wasting away.

Here’s why:- unless you strategically reported your taxes as making 100% income and not reporting an entire loss on your schedule e - you will most likely not find a lender who will qualify you for a HELOC.

Add the fact that you're basically by you're private beach there, you have all the sporting activities, food and your flight included and you get to meet people.

I would ask the lender you applied with to disclose how they calculated your DTI... sometimes they fail to add back in depreciation or deduct costs from your schedule E like tenant turnover, improvements, etc. that shouldn't be included in the DTI calculation. 

A full rental P&L such as seen on Schedule E?  

Stop hanging out with your deadbeat buddies that spend all day drinking, talking sports, and otherwise wasting away.

Stop hanging out with your deadbeat buddies that spend all day drinking, talking sports, and otherwise wasting away.

The first 699 E Gold Dust, San Tan Valley AZ comps around 375K and I purchased for 393K so I'm lost about 18K equity by purchasing.

Once again she e-maild me back this... 

Letting go of that slice of control is hard but once you do it's quite freeing which is hard to put a price on in my opinion.You must have read e-myth by Michael Gerber!