@Melanie Alzugray Welcome to the forums.

.: Hello,Did anyone received post closing audit from mortgage company.

We're largely looking at value add projects (aka BRRRR **cringe**) so that the vast majority of capital is coming out once a refi is done.Not vanilla, obviously.

Definitely come to the Midwest with no debt

If you come across a better opportunity here in AZ where if you can take your 1M and turn it in to 1.2-1.3M ( maybe a value add deal) sell the house, take the equity and use it to get a bigger return.

Go to BUILD YOUR TEAM at the top of the screen and look for local investors or meetups in your area.

Is your $$$/mo CF a true CF, or is that your net right now without any maintenance coming up?

Also go online to loopnet and crexi and look up similar properties to lease.  

I am not the expert, but just from talking with people and seeing the posts pitches from wholesalers.

Assuming you are both working and the rentals are long-term, rental losses up to $25,000 can offset W-2 income if your MAGI is under $150,000, with excess losses carried forward.This post does not create a CPA-Client relationship.