Just make sure to run the numbers with the HELOC payment and the rent, so that you are not underwater every month.

That means that my payments are what they would be on a 30 year loan.

Here's the challenge: If the numbers work with a low down payment, why wouldn't an investor putting 20%-30% just buy it and could likely offer more?

However, if they are still considered a short-term guest under lodging rules, you may have more flexibility, though the specifics can depend on local regulations in Seattle.Since this can become a legal gray area, I recommend documenting all agreements, payments, and communication with the guest.

But then I am still stuck with the monthly payment of $180 a month. 

Our program only requires a small 10% down payment on the purchase price and we will fund 100% of your rehab costs.

The payments for the management of the property and the book keeping will come out of the cash flow of the property.9.

Bigger Pockets is a great place to find a real estate tax accountant.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 who specializes in real estate taxation, business taxation, financial planning and tax planning.You may want to consider working with your accountant remotely to expand your options.I would also recommend looking for a accountant willing to work with you throughout the year.

Single-pane windows should have storm windows which help a little.5th check if the electric company can put the house on budget payments.

For non payment of rent, follow your lease and retain an eviction attorney.