These numbers are not anymore than if a Wal Mart opened or closed.

Quote from @Sreedhar Dasi: I closed my property with Homeroom in March.

Michelle you are months away from closing .1st you need a realtor and get deal, everything else is easy,Good luck   Hi Bob, I am not looking to close on any properties right now.

It sounds like a single family house where you will be living in the house(personal use).Therefore, you may not be getting the tax benefits you think you are.Consult an accountant.I am not sure why your sister would agree to this as well, she is losing $170,000 in this transaction and she faces the possibility of you increasing her rent.You also have to charge market rent or close to market rent or it is all deemed personal use.

Renting to Section 8 Long-Term TenantPurchase Price = $250,000Renovation Cost =$3,800Appraised Value = $270,000Monthly Rental To Section 8 Tenant = $2,800Monthly Mortgage Payment = $2,100Monthly Reserve for Maintenance and CapEx = $200Monthly Cash-flow = $500Another investment property was closed and added to my rental portfolio.

The Housing Wire article chart shows how FHA and VA loan delinquencies are approaching really high historical levels, close to that of the housing crash.We are still at historic lows for conventional loans.

Real estate loans to owner occupied properties where the business of the owner is closed down - or SHOULD be, and the owner needs some time to sell the property.  

Welcome to BP, Ryan, and congrats on closing three properties!

I chose Phoenix because it's close the areas I normally post up and has strong fundamentals, and I have built up come community here over the years.

@Christian Rodriguez  Typically there aren't any restrictions on how you want to use your cash once the Heloc has closed.