Hi All,First, thanks for the forum and tremendous expertise and support.

I'm a University of Maryland student studying business and about to go into my senior year.

Lenders are almost universal in their requirement that a borrower has "skin in the game".

(List price is $619K)-- We are concerned about the monthly costs to support a hard money loan AND do a HELOC.-- Our current rental can support a higher mortgage payment (with the HELOC), and still have $200+ positive cash flow after the refi.b.

But if there are enough bedrooms or you get multiple homes, you will be able to support hiring a local manager to manage daily operations. 

If you ever need advice or support along the way, feel free to reach out. 

The seller was a terminally ill man who needed cash quickly to support his family before he passed.

It's so awesome that you've gotten this early guidance and support to get started so early.

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

Once all three units are operational, you’ll have three income streams to support your expenses.Evaluating if it’s a Good Deal:Cash-on-Cash Return: After figuring out your total investment (down payment + repair costs + holding costs), calculate your net annual cash flow (rental income minus expenses like mortgage, repairs, insurance, etc.).