Many of them have restrictions that you must owner-occupy the property for a minimum number of years - or you'll have to pay it back with interest.Also, the standard mortgage requires you to owner-occupy a property for a minimum of 12 months before renting it out.

I plan to pull a standard lease agreement from the Florida Supreme Court website and review it with her next week.I have received a new job opportunity where I will be making an extra 40k annually and must move out of my home quicker than I initially expected.

You are a kid and it will be hard to understand exactly what you are asking, where are you getting your money from?

By understanding the costs you may encounter upfront, you can take control of the process.Here are just a few things experts say you should be thinking about as you plan ahead.1.

Quote from @John Davey: Id appreciate any help, as ex. if i take out say 100k home equity loan and use 50k each as down payments/cloing costs my understanding is i cant deduct the interest?

I am hoping to learn more about how investors analyze their deals and make decisions, as well as looking to better understand general real estate investing.

This will help you understand your options and decide if it's the right time to hire a pro. 

You should contact both your lender and your title company to understand their requirements.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

@Erick Pena please understand that buying rentals is NOT passive income!