I'll add the details for 2 of my properties that I'm on the fence about.1) Purchase price: 69kRenovations: 55kMortgage amount (principal, Interest, insurance, & Taxes): $1500Repairs / Vacancies: $300 Rental Amount $1800Holding costs until the Resale/ Refi : $12k ARV $185k 2)  Purchase price: 180kRenovations: 15kMortgage amount (principal, Interest, insurance, & Taxes &HOA in this case): $2100Repairs / Vacancies: $200 Rental Amount $2300Holding costs until the Resale/ Refi : $12k ARV $259kKeep the great responses coming!

The next thing they are going to tell me is mortgage interest on business property is limited to $750,000 just like the personal itemized deduction for principal residence indebtedness. 

Rents (below market): $4,300Mortgage: $2,600Reserves from rents set aside: $600 a monthWater/sewer/garbage and shared laundry room electricity: $500 a month.Cash flow $600 a month + $500 a month principal pay down.House has popcorn ceilings and the kitchens could use a remodel.

Keep in mind site super's or GC in these arenas are out there we can hire them.. they don't need to be principals in the transaction unless some how they are bringing you dirt at such a low value ( which is rare these days)

I have principal, interest, taxes and insurance a little higher.. at 25% down and 7% interest, you're looking at $1250/month just for principal+interest, about $300 in taxes and insurance around $100.

If the borrower owns other financed properties, additional reserves must be calculated and documented for financed properties other than the subject property and the borrower’s principal residence.

There are exceptions for military members who qualify, according to HUD 4000.1 page 128:Borrowers who are military personnel, who cannot physically reside in a Property because they are on Active Duty, are still considered owner occupants and are eligible for maximum financing if a Family Member of the Borrower will occupy the subject Property as their Principal Residence, or the Borrower intends to occupy the subject Property upon discharge from military service.”So as long as you “intend” on living there you can use an FHA loan.

I need some practice with something "easier" before I go full bore.If you've read "The richest man in Babylon", it says that a good investment is one where your principal is safe. 

Some will also, for an additional cost, do remailing and let you use that address as principal office.The average cost for a basic registered agent is usually between $45 and $100/year.

I liked that I was digging straight into the principal from the jump but maybe I'm not looking at it the right way.