You have $1.5+ million home and you're paying $2000 property tax a year, probably a paid off mortgage  if you bought in 1970 for example, and can charge market rate rent (multi units are under rent control with existing tenants, generally speaking, but not SFHs so far) Be really careful with whoever gives you numbers on a spreadsheet whether it's a turnkey company, agent etc. 

Two things: 1, you will be committing fraud if you memorialize something to paper that didn't exist and claim it was from that date.

When I purchased the building I had no personal mortgage so my DTI from the personal side was non existent.  

He was HIGHLY over-leveraged and using a product that doesn't even exist today.

Knowing how much you can afford, knowing your market’s strengths and opportunities, increasing knowledge on financial matters are all important steps worth taking when planning ahead through assessments.In planning for retirement, through real estate investment, you can capitalize on it as a resource adding extra passive earnings, protecting the existing wealth, and expanding the investment base.

Do existing mortgages get wiped out?

I was on Bigger Pockets for years when I was President of BREIA but that account no longer exists.

I sincerely doubt such a list exists, although each mortgage lender would know which of their own borrowers is behind, of course.

Building a team of trustworthy professionals is indeed especially when investing in a market that may be distant from your location. showing experience before pursuing larger renovation projects resonates with me, and I appreciate the reminder to take things step by step.Your suggestion to find an agent who is also an investor is a great idea I'll definitely explore that avenue to leverage their expertise and existing network.

They each signed a 9-month lease at our existing midterm rental rates.