I will give you my numbers since we are 3 years into Velocity Banking.Home was purchased at $410k.Interest rate: 3.125%30 year termMortgage payment is around $1950 (includes insurance and property tax)HELOC: 8.25% Variable rate - current rateCredit Limit: $97kLet's say I made $10k a month and our expenses were $6k each month including the mortgage.

Low barrier to entry, low taxes, landlord friendly, and areas that appreciate + cash flow. 

I also want to learn about purchasing properties with tax liens / bankruptcies / foreclosures.1.

If anything it just means that initial newbie tax / buffer is going away. 

So, when Trump changes to no tax on tips I feel inclined to change my rental income structure.50% reduction in rent.Previous 50% made up from a mandatory nontaxable tip. 

Your best advice would come, for a Tax Advisor NOT a Tax Preparer (CPA).

I learned so much from the course and PCS, and I'm claiming all of my cost on my taxes.

Couple other things to consider, property / school taxes are high, and tenants have lots of rights.

Getting a DSCR of 1 in some of the higher tax counties of Georgia is tight, but we've been able to get through them.

The real property investment can be repositioned if it proves disappointing in its original form; it can be refinanced or recapitalized if it has too much or too e pensive debt; inflation over time bales out many bad purchases, and finally the investors knowledge, experience and abilities can be leveraged to turn around a cash flow negative property.I’ll provide an exampleThree years ago we purchased a note from a bank secured by two auto repair facilities with a large amount of excess land.