If your state has addendum or supplemental forms, you could possibly get tenants to come to terms with whatever you add / supplement to the original lease. 

Just realize you will probably need to supplement negative cash flow for a while. 

Everything was working well until my loan officer said that I would now need a co-signer to supplement for my income because my income we were using before was projected income that won’t start until May.

Lived there for two years and then moved into another home, while keeping the townhome as a rental because I figured I could pay it off quickly and just use the rent to supplement my income.

I'm looking at real estate as a means of supplementing income after retirement.

Hey so I am going to switch some tenants to month to month and I think all I need to do is use our states Lease supplement form and say something like this:The lease of the property on XXXXXX St.

@James Loffredo you could do the bulk with IKEA furniture but supplement strategically, whether with furniture or accessories/decorative items that you pick up from vintage stores or at garage sales.

They were counting on getting a check for the full amount and using it to supplement to make it more affordable.5.

QUESTION 1do i put $1000 on line 2 (Form 4562) and again in PART II line 14 (special depreciation) BUT NOT put it in PART III at allbut do put the $8000 in PART III under 19h (residential rental property).WITH THE GOAL  that line 22 (PART IV summary) will show $8000+$1000=$9000 of total depreciation for this year.QUESTION 2do i need to add a supplemental statement to form 4562 that explains this $1000 item i deemed section 179 is furniture?

This, supplemented by your HELOC, will give you plenty of dry powder to work with when acquiring the property.