Also, how does one assess whether or not one can turn a profit after paying principal/interest, insurance, and taxes each month?

No management costs as it would be self managed, and estimated property taxes by the average of the past few years.

Do you have the experience to avoid these?    

.: The applicant needs a social security number or an individual tax ID number (ITIN).

Avoid future trouble.

This is an example of private lending which is different than the IRA owning real estate and does not trigger UDFI/UBIT tax.

I assume your wish to use a HELOC is to avoid paying interest when you are not actively rehabbing a BRRRR.

@David R Pustelnik recommend you first focus on raising the rent for the first time in 10 years.By the way, how much have your property taxes and home insurance gone up since this tenant moved in?

It's essential to do your due diligence and perhaps consider investing in more established or upcoming neighborhoods.Property Taxes: New Mexico's property taxes are relatively low in comparison to other states.

Our standard email with the bid states, please contact us to discuss & redline to your budget.The only thing we will require are health & safety repairs, to avoid a lawsuit.