You are bleeding money now, but each year it might actually get worse depending on the financials. 

Delaying the inevitable like a mortgage funds that doesn’t initiate foreclosure when appropriate so they don’t have to include a foreclosure action in their reported “result”.5.

Determine Your BudgetSet a Realistic Budget: Consider the cost of tuition, living expenses, and your financial situation.Mortgage vs.

Citizens first position HELOC CMG a financial 70% LTVEast West Bank, up to 60% LTV with "no docs” Figure 80% on a rental, not in LLC First Florida Credit Union https://firstflorida.cumortgag...

Narrow your top cities, build a local team, and refine your financial analysis to position yourself for success.Good luck!

@Rosette PooleRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

There are a lot of quirks and oddities in Louisiana law where the current tenant can assert that they have an implied agreement that they can pay late, stay X months without a lease, do whatever action, etc, based on what the current landlord/owner has allowed and told them in the past.

A good real estate accountant can save you thousands of dollars by leveraging entity selection and formation, tax deductions, cost segregations, bonus depreciation and tax planning.I recommend finding an accountant specializing in real estate taxation, business taxation, financial planning and tax planning.Consider working with your accountant remotely to expand your options.I would also recommend looking for an accountant willing to work with you throughout the year.

Exactly this and why you should not do cash for keys to reward poor tenant actions.  

Improve your credit and financials so lenders are willing to take a chance on you.