Another option is to explore private lenders or HELOCs to cover the equity.

I am currently house-hacking in a new property where the rental revenue is able to cover the full mortgage and then some.

If they are taking out a few breakers and a fire happens insurance will typically not cover anything.

Here is an article from Wolters Kluwer that covers the entities exempt from reporting.

As I am seeing 1.2 or 1.4 million 2 family house and not sure if its even going to cover the mortgage or not with 25% done.

I'd love to have a small line of credit on the property before the end of the year to cover any other repairs or upgrades that will need to go into the property.

Hi @Calvin RappardI think the other contributors covered the issue with screening tenants prior to renewing the lease.

A good rule of thumb is to keep 3-6 months of operating expenses in your rental account as a cushion.Once you’ve got that covered, you can start investing the excess.

For example, instead of 1 rent $2000 for a 3 bed 2 bath.

Ensure the rents and expenses support the debt service and provide solid cash flow after covering the assumable loan, seller carry payments, and operating costs.Occupancy & Rent Roll: What’s the current occupancy rate?