I’m currently going through the process of getting a HELOC and feel confident we’d be able to fund a purchase using that but using PML has ultimately been a goal of mine and would like to incorporate it into one of these purchases if possible. 

If you really want to dig deep, pretend to be a renter and schedule a walk-through.

You can find us online.Current Ideas: Video Series on Passive Investing in MHC, Tax Benefits of MHC, Investing through 401k etc. 

We cannot wait to help more people build generational wealth through real estate this year!!

I have been able to find them best through posting rentals on facebook groups near the universities.

New tenant must go through complete vetting, sign the lease, pay security deposit and rent, and move in, prior to the referring tenant getting their $100.

You should connect with a lender like @Jose Valdovinos who might be able to help you sort through this.

He's not worth the thought process/second guessing your putting yourself through. 

Obviously, they have no intention of following the law & I wouldn't count on them to adhere to your lease provisions, either.Don't get me wrong - I love dogs & my pit (who went through the big doggie door in the sky many years ago) was the best dog, ever!

I assume this income/loss is passed onto your personal return through a K-1 and the business files a 1120?