LLC's are still the way to go but yes you can't tap into owner occupied mortgage tools such as HELOC's or high leverage.

A lot of people negatively arbitrage their 30-year mortgage, after taxes, if they keep money in a high yield savings account instead of prepaying their mortgage, because the savings account pays 4.25%, and their mortgage rate is 3.75%.

For higher priced properties the 70% rule gives you too high of a profit and your offer won’t be competitive. 

Start getting your situation less debt ridden by paying down or on your next investment put more cash down to make it highly intrinsic. 

Schools are solid, demand is high, and I think that you'll see an increase in housing prices in the future.

Any person who can achieve property ownership, and then help others have a roof over their heads is a person worth high praise. 

Interested in getting some extra income with converting the extra space in the basement into a rentable unit.Basements in a one-family home can be lawfully rented only if the following conditions are met:Compliance with the Housing Maintenance Code for minimum room size.There is a minimum ceiling height of 7 ft.The walls, as high as ground level, must be damp- and water-proofed if HPD determines that subsoil conditions on the lot require it.The basement is occupied by one family and does not include boarders.Every room must have at least one window.The bottom of any yard or other required open space cannot be higher than six inches below the window sill of any required window in the room.

It's short sighted because it sounds like there is a high likelihood this current tenant will pay. 5.

I assumed some would need replaced, which would be okay, but I would hate to see it all trashed.I guess in that vein though, I hear that a lot about LTRs -- the horror stories -- and we have been blessed with amazing tenants (generally) so I was thinking it would be along the same line where it would be something where you would want to charge high-end and screen intensely to try to get a tenant that just is transitioning and can benefit from the furnishings.I know that could still happen though, even with all the precautions you can take, so it's something good to consider! 

It the accessment is too high and the real estate taxes as a result are too high, the net will be less.