My goal is to wholesale some properties single and multifamily to build some capital while fixing my personal credit and building my business credit.

I personally like Alabama and Tennessee a lot, depending on what specific area you're looking at.Look for Class B or C properties in stable rental markets, particularly single-family homes or duplexes.

$6k tax.Ins,hoa, not to mention utilities . took out a HELOC off of our personal home ( res.worth $900k, and a 260sq ft studio, mtr. $1450 mo.) for$ 220,000 for the deposit.

If you truly have cashflow to spare I would personally look at the 15 year.

I personally wouldn't buy an old home as a rental, I only buy 1980 or newer for myself, all of my properties are in the north part of Gilbert built between 1985-2003.

It’s usually best to open a separate business checking account so your rental income and expenses stay organized and away from personal funds.

Hey @Mario Morales I assume you're planning to purchase the new property under your personal name rather than through an LLC?

It works I agree - the key is finding the right person to do it.

Congratulations on the duplex -My investor clients have acquired several multi-family investment properties locally in the market I operate in Northwest Indiana - Figure out your personal investment objective for the next 4 years and align yourself with the next property that make sense in this current market environment-

Ideally you would put only one persons name on the mortgage unless you absolutely had to have both to qualify.