It's up to their tax professional on how to present that info on their tax returns.

However, with high rates, the next mortgage would be very expensive, and a vacancy would be intensely expensive with two mortgages.

Also typically time is of the essence in Real Estate so the quicker things get moving the faster the return comes.

It's low class but some managers I know make s killing.houses are in poor condition since they were built quickly in 1946 to house the returning soldiers from the war👍 

My assumptions are:1) Cap-ex, maintenance, vacancy, and PM costs are around 33% of rent. 2) My desired cash-on-cash return is 12%.3) My taxes and insurance, for argument's sake, are a combined $550. 

Like someone else mentioned, FHA loans are good in low credit and high DTI scenarios, but tend to be less bang for the buck compared against conventional.

Good property managers are in high demand.

New Jersey is high.  

This is tough to do with today's high prices and mortgage rates, which is why so many investors have slowed down or stopped investing until the market turns favorable again.Below is an example of a single-family home in Allentown.

Would highly recommend him.