Hi,I am owning a nice house currently worth 600K (clean from any mortgage or debt) and finally understood that sitting on this kind of asset is just a monthly waste of money.As I am completely new to the real estate investment business, I am wondering whether it would be the right way to sell my current house and buy several assets for rental or keeping this and getting a loan/mortgage and buy, probably, fewer assets.I am sure there are many answers to my question but I'd really appreciate to just get some kind of idea of what the right direction would be.Thanks in advance for any replies  

Talk to your RE Attorney to see if there is a legal way to do a Sub2 (or master lease, or wrap, or whatever) in your state.The $1,000+ number that "includes everything" would just be PITI, correct?

Credit repair on your own is simple -- pay off your debts, pay your bills on time, and within two years, your credit will be good as new. 

In Massachusetts, there are extra tenant friendly laws so be careful when others post advice that although are legal where they are, its illegal here.

Unfortunately rent rates are not set by the amount of their debt service payment, but by the market.  

Also, am I violating any law from a legal perspective?

So, over time, you may have appreciation as well as debt reduction.

You don't pay taxes on a DEBT/LOAN.

For checking contracts, agreements, etc it is the lowest price to use Legal Shield.  

What I mean is if I get the seller to take an unsecured note (with a better interest rate to compensate him on additional risk), will that debt be counted as part of the "loan" in an LTV assessment if I try to get the property refinanced in a year (essentially will that note amount become instant equity for me which I can play with?).