In the past I have always functioned in the class D space which meant its challenging at times to get very good tenants.

There is no reason to buy your own first for experience purposes - and the fact you already live there makes it 'owner occupied' if you end up going with traditional bank financing - which will give you better rates, and access to more programs. 

Fannie Mae’s 5% MF loans seem perfect for this even though I’d have to prepare a higher down.NJ State down payment assistance and a NJHMFA mortgage loan.This is enticing due to the $15k down payment assistance and additional $7k first generation program.

Most professional tax software programs have an option to specify that rental income is non-passive, and that will cause the Schedule E tax loss for that activity to bypass form 8582. 

Has anyone taken the MomsHouse.com program?  

I've met Dean several times, attended his Note Summits, bought notes from him and was coaching for him in his online program back in 2010 and 2011.

Hello everyone,I am reaching out to connect with individuals who have experienced significant issues with the Section 8 housing program, specifically regarding their failure to enforce their own lease agreements.As a landlord, I had a tenant under the Section 8 program who turned out to be a severe nuisance.

The required education must serve a bona fide business purpose of your employer.The education maintains or improves skills needed in your present work.However, even if the education meets one or both of the above tests, it is not qualifying work-related education if it:Is needed to meet the minimum educational requirements of your present trade or business orIs part of a program of study that will qualify you for a new trade or business.You can deduct the costs of qualifying work-related education as a business expense even if the education could lead to a degree.

You have to remember, most agents have absolutely no clue what an investment property is or how it functions....I have had many clients ask me to manage their properties in the past and I have never agreed as that's not in my scope of expertise. 

A friend of mine suggested a program that could use the full equity of my primary (now over 2 million) to get what sounds like ANOTHER HELOC on my primary instead of refinancing then paying off the first HELOC .