Should I just save that additional tuition money and put that towards my first investment? 

If you own a 2-flat with an additional non-conforming garden unit (basement) being rented, and you're considering a cash-out refinance, how will the lender evaluate the rental income?

I would have contacted the locksmith tech to get additional details before assuming it was tenant damage.

Most properties seem to be overpriced, often listed by pro investors trying to unload them, and have been sitting on the market for six months or longer.While I could put 50% down to make the cash flow work, that approach would likely derail my goal of acquiring four units in four years.

Loss of use is foryour additional expenses if you can not live there due to a covered claim (ie.

There is a 2 family we are in talks with acquiring for 200k.

I've got about $525K in equity in the property, but lenders have told me that I cannot get a HELOC to access that equity for additional purchases because the duplex was financed as an investment - they have said TX law dictates that HELOC can only be used on primary residences.

In addition, the Grantor will probably be required to sign the same seller's affidavit that are needed for a non DIL closing. 

My advice would be to partner with someone who has additional funds so you can buy something that is of quality. $8k won't get you anything in a class B or A market with 20% down or even 10% down. keep going though!

Figured there would be a few data points left out of the equation' that I would need to circle back with :) .There are additional units not rented at this time which could be rented to increase the income.