They'll help you figure out how much work needs to be done.

I’m a first-timer, so bear with me if I sound a little clueless – I’m still figuring it all out.Here’s the scoop: I’m looking to purchase a long-term rental property within the $300-350k budget range.

The lender may figure if the borrower had this kind of money they’d be making the mortgage payments. 

As someone who grew up ridiculously poor, I have more wealth than I probably ever figured on having.

investors can figure on 10 to 12% return on PMLs   generally they are short term 6 months to 18 months.. in my 40 plus years at PML I find most investors started as landlords then tire of it and start to diversify.

I think I'm in a pretty unique situation and am trying to figure out the right hoops to jump through to move forward.Long story short, I'm trying to tap into the equity of the rental property passed down from my grandparents that is held in an S-corp which is co-owned by myself, my siblings, our cousins, and an idiot uncle.

If you have the ambition, you can figure out almost anything now a days through some youtube research. 

Even with the redactions, it's not hard to figure out based on deduction how much we are making from the rental and from my income.

That's without figuring in tax benefits, increasing revenue per year with inflation, picking a market with more appreciation potential, making more than $1K/month profit (very doable) etc that could supercharge those numbers even more. 

I'm still figuring out how this site works, but I'll be in touch if I hit a wall!