An LLC has no effect negatively or positively on how a full doc lender will calculate your income.

After 1yr we run a return on equity calculation, how much is our monthly cash flow divided by our equity position.

However, from my experience in Europe, particularly in the Netherlands and Spain, calculations still play a big role in ensuring the profitability of a flipping or rental project.

comparing the calculated cash returns mAkes it look like a no brainer - won't expect much appreciation.  

You just need to factor the price into your calculations to see if you can get a profitable enough.My previous reaction to your earlier comment was due to the fact that the hotel zone is pretty much done.

Network with professionals, use tools like BiggerPockets Rental Property Calculator, and explore grants or incentives for affordable housing.Good luck!

I'm betting most all of these note schools are teaching how to move the asset through a system and facilitate a transaction, how to use a financial calculator or their software.

Also, I payed my mom’s mortgage on her primary which I can rent here in San Diego which would help with the mortgage but I rather not use that in the calculations to avoid over leveraging myself.

Just be sure the calculate in the interest you are paying on that HELOC into the new project.As for banks, my experience has been that many banks do not like to do HELOCs on rentals unless you have a decent portfolio which they then look at as a business instead of a single rental property.

If you don't believe it, go to the BP calculator and run a million dollar property with 10k rent and 3% appreciation and see what happens after 30 years.