do not use a line of credit for a down payment. 

There will be no assessment for increase in taxes or insurance so remains at $1935.

. - I will ding their credit such that all credit cards and other debt will cost them more.- I will keep their security deposit for funds owed.- I will do my best to garnish future wages until their debt to me is paid in full.This has worked 100% time so far.  

Is an IRA subject to capital gains tax?

I've been buried with tax preparation and a couple projects, so BP moved from the back burner to completely off the stove!

I can buy a 2-4 unit with 20% down vs conventional can only buy a 2-4 INVESTMENT property with 25% down 4. there are options where DSCR loans dont repot to personal credit, helps in not having to show a bunch of paperwork or not one person in a partnership has to carry the debt5. way less paperwork to close on this loan type vs a conventional loan. we care about the income of the property you're buying and it's ability to service the debt of the property whether we use long term rents income, lease income, or air dna/bnb income.6. easily buy in partnerships, add people to your operating agreement, its as easy as that so bring partners into a deal. helps with scaling and raising capital or getting partners involved7. gift funds allowed to close on these as well, and like I said earlier, there's only a 10day seasoning period of funds with some lenders so that means you can literally have a private money lender deposit money into your account 11 days before closing, and you can use those funds to close!

You need to have reserves in either cash or credit regardless of the situation. 20k can go away in a blink.

NY can work but watch for high taxes and regulations.For $10K–$35K properties, expect heavy rehab and limited financing options.

The better the rates, lenders generally want to see more experience, higher credit, occupancy and DSCR requirements. 

Plus, if you aren't able to get approved with what you've got now in terms of savings, credit, etc. you can learn on what you need to qualify so you know what to be working towards.