Most states do not factor in losses from other states when calculating their taxable income.However, yon't think you lost out on the state where you have a loss. that state will normally treat that as a loss that you can use in the future when you sell the property or have rental income.

Know the market, do your math, and calculate the risk.

This might be a case of speaking with some different lenders but the only difference on the DSCR side of things is that the Air DNA method to calculate potential rent will have a slightly higher interest rate. 

Start using the calculators.

Start using the calculators.

Which creates a crazy circular calculation that defies common sense, not unlike a lot of the other tax rules.

Hopefully, you already have a general sense of estimating repair costs and calculating ARV.

I would run comps on zillow, check out BP calculator to run numbers and Rent-O-meter to check average rent. 

More on how that is calculated below.

We chose HELOC instead of refi because we didn't want the rates to change (we got the first property during those golden days of 3% interest).I just recommend making sure the HELOC payment makes sense from a numbers perspective—consider the interest as another "expense" when you're calculating cash flow.