You may also want to look at a cash out refinance to eliminate one or more Heloc or a few credit cards to lower your DTI and outgoing monthly debts.A heloc is a risk since its an open end mortgage like a credit card which carries a higher risk versus a 30 year mortgage. 

These can be paid by credit card or bank transfer.

Get to get in, make sure its clean, everything is in good order, change out filters and such to make sure its done properly and also make sure nothing is broken

There are some towns in the area that could pencil, but Whitefish proper just doesn't math.There is just too much demand from rich people looking for a 2nd home to see any cash flow at all.

You need your project to be ready to rent by mid to late Summer; otherwise, you can cost yourself by either a bad renter pool or several months of vacancy.The Twin Cities are too big to properly answer your question.

Colorado does allow super liens, but typically, for them to remain enforceable after foreclosure, they would need to be properly filed before the foreclosure process begins.

Some of the projects were with a local partner as well and then the managing chores were split between us.The lending perspective was stiff in the beginning, as I didn't have any experience at all, also no credit score, and that project was only by myself, so the leverage was low, but I could work on a low-price property to start.Fast forward 5 years, I have built a credit score with 2 credit cards under my ITIN of more than 650, and done 4 properties as experience.

That typically results in a higher payment and an open end mortgage (Credit card) versus cash in the bank that can act as an Asset and PITI reserves where a Heloc cannot.Feel free to reach out if you have any questions, I enjoy helping and talking REI.

My favorite link for the proper order of investments is https://mymoneywizard.com/correct-order-investments/.Jump in.

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.