So $3900 minus $3900, then I would just use my household W2 income of approximately $170k to determine mortgage limit.

"Familial status" means having a child under age 18 in the household, whether living with a parent, a legal custodian, or their designee.I'm not sure if you have to abide by the FHA (it depends on several factors including the number of rentals you have).

You need to pay yourself a salary, subject to self employment taxes (15%+)You might be eligible for 20% off the income on S corp, but check with a CPA as it comes with many restrictions such as the type of income and your household incomeC corp will have the same wage requirement (15.3%), but technically some parts flow to you and some parts stay with parent.  

If so I would reach out to Verella Osbourne she has one of the most comprehensive Landlord friendly leases I have seen.

. -- to see which metrics actually tracked with rising rents.The metrics that track most with rising rents are:Tightening Supply (as measured by persons per unit)Median Household Income GrowthJob GrowthPopulation GrowthSo, while the common knowledge is to chase population growth, the real answer is to chase limited supply and rising incomes.

Median home price of 90k or moreMedian household income of $50k or more. 

I scored each MSA on four criteria that I found correlate strongly to rent growth: supply (as measured by persons per unit), median household income growth, job growth, and population growth.My scoring system narrowed the list of possibilities from 380 to 60.

I've read most of them and they'll give you a comprehensive overview of how the RE industry works and how you can use it to quit your job.https://www.biggerpockets.com/store2.

Basically your HELOC is set up to act as your cash-flow vehicle, meaning it's the main place where you manage household income and expenses.Although it is extremely powerful,That begin said, it can also be detrimental for the wrong family, or if the strategy for it's success isn't completely understood or adhered to. 

I haven't done anything like this on a home and I know it's different from a car, but on a comprehensive car claim I've had the insurance offers me a number in cash and I asked for the repair to be done with their licensed shop.