If you and @Daniel Travis meet up count me in.

@Tiffany S. well I have a mortgage already so I'm pretty sure that will count against it..but I'm looking to do section 8 housing so I guess for my first investment I would rather just deal with a turnkey unless there is a deal to good to pass on..should I give my credit union a shot?

(again, many BP posters are investing in the midwest for 2% rent/purchase.)If your total expenses are $1023 per month (not counting the mortgage), then NOI is $1176 and that calculates (as you say) at 6.96% and 4.97% , respectively, for $203k and $284k purchases.

I'd count it an asset, not a liability to be thrown away.

I count almost $20,000 in bathroom costs.  

Moved for job and bought second house in Georgia conventional 5% May 2017. incomeMy salary income is $80,000 California rent income $2,850Can I count the boarder income of my primary SFH residence right now ($3,200)?

I think it's smart to use an estimate on the lower end of the three sources, just to make sure you aren't counting on a level of rent that might not pan out.

One thing to keep in mind is that the VA loan does require some landlord experience in order to count your rental income from the other units as qualifying income.

The CMA of the property would be around 430k-450k looking at recently flips homes close to the property (not counting the extra 400 sq). we talked to other investors and came with a rehab cost of 50k give or take, again this is our first work so we might be off by more than we would like to. the Owner of the house seems more than willing than to finance the project 100% by either using his business credit or even taking a HELOC on the property we are flipping.

I don't know the answer to this, but I was thinking about it today....If you have a ROTH...key word...ROTH IRA, I don't see why the PRINCIPLE of that account couldn't be counted as liquid because it is POST tax and relatively easy to access with penalty.