If I have four properties (three with just one mortgage and the other with just one HEL), will I be able to qualify for a fourth mortgage?

If you are not able to pass the water & sewer on to the tenant, then you need to make an allocation for that bill (no idea what the rate are there ... here I would allocated $200/quarter).This gives you:Scheduled Rent:   $950/mthVacancy allowance: $114/mthGross revenue:    $836/mthExpenses:  Taxes:   66.19/mth  PM:       95.00/mth (we use 10% of gross, but using scheduled is more conservative)Insurance:  45.00/mthmaintenance: 83.60/mthWater/sewer: 66.67/mth  Total expenses:  $350.37/mth  {This still may be a little low}NOI:    479.63CAP {which is meaningless here}:  479.63 / 74500 = 6.44% which is your CoC if you pay cash.If you were able to finance it at an 80%LTV @5.5%, you would have a mortgage of $59,600 with monthly payments of 338.40. 

The 35.4 Percent: 109,631,000 on Welfare"109,631,000 Americans lived in households that received benefits from one or more federally funded "means-tested programs" — also known as welfare — as of the fourth quarter of 2012, according to data released Tuesday by the Census Bureau.hmm that is from almost 3 years ago.. which makes me wonder what is the current 'welfare' rate these days... and why and to what end?!

Last I checked we are up 8% from last year (2013) 1st quarter. 2nd quarter results aren't far away and I don't expect the trend to reverse.

Our lease states that we will be conducting quarterly property visits.  

I mail a quarterly market report and now I will send a list of most recent sales in between the quarterly reports.

Anyone over 599.00.Fourth - change the setting in QuickBooks softwareOR Our clients send us an excel file and we do the filing for them.

And I keep all the quarters. 

The Walmart window plastic works well and if you don't have dozens of people crawling on it, will last as long as the house.I understand the tight quarters, but there are some things you should understand about vapor barriers; they don't have to be perfect, a gap here or there isn't bad; and some is better than none.With help, you can open up the floor, which it sounds like you've done some, cut the plastic into strips and pull them from one end to the other.

Currently I am doing about 1 deal a month with wholesalers, we buy 2-3 deals a month through the auction, and I also find a deal a quarter from my real estate brokerage.