Velocity banking works by taking a huge 'chunk' and putting it down on principal, then paying down the HELOC with every penny of income you get. 

@Brandon MorganAn LLC will not reduce your taxes.

It's going to offer Strong economic growth, Appreciation (especially in DFW), Tax advantages (no state income tax), and a Growing population, including infrastructure and amenities. 

@Tony Schmucker Now that you know all of those markets work from a Macro perspective you should look to see where you want to live for 2-3 years and what your and your wife's income will be in those markets.

Hi @Andy S. 3x monthly rent for income has worked well. 

After collecting tenant pass-throughs for the year, do you pay the property taxes at the end of the year or the beginning of the next year?

More on DSCR loans: DSCR loans won't use your income to underwrite the loan. 

Low barrier to entry, low taxes, landlord friendly, some amazing class A and B suburbs and a strong urban core. 

It was only within the last 30 years has the upper middle class incomes start to spread out of the lake.  

You can always use a software like Turbo-Tax and follow the prompts.