-- We focus on verifying 2-year work history and verifying rent payments with last 2 landlords (unless in same property for 5+ years).3) MoveIn Specials: be careful with offering "free rent" as will just attract tenants with no cash.-- Try free TV or something else worth 25-50% of one month of rent.-- Or, what we do is offer the free rent AFTER & ONLY if they pay their first 3 months of rent on time to earn it.4) Lower the rent 5% every 2-4 weeks until activity picks up.5) Understand this is the worst time of year to find tenants.-- Starts picking back up end of February when this tenant pool starts getting their income tax refunds and aren't broke anymore.6) Section 8: where is the property being advertised?

Your $80K HELOC can serve as the down payment, as most lenders require 20%-25% of total project costs upfront.

You can also make your place more trouble-free by fixing things up front that are most likely to break (new light fixtures, light bulbs, door locks, etc.).

Totally! 

The calculation uses the following formula: Total Rent Potential x 75% ≥ PITI (plus HOA if any). 

The list are getting the information, and whether I can get it for free.

Totally agree with @Blake McWilliams to ask this question.

They will issue an IRS Form 1099 in January, reporting your total taxable income to you and the IRS.

I look at all I do for clients for free.. 

I own the property free and clear and i use the equity as part of my business line of credit.