We viewed it completely differently.I ended up demolishing the house, went to city council got approval to subdivide the vacant land into two building lots, then flipped both building lots off to a builder.

Financial FeasibilityBudget & Financing: Know how much you can afford, and get pre-approved for a mortgage.

Bottom line: If you are willing to allow pets, then have your agent put that in the description, many renters have pets. you can still say "Lessor Approval". 

The loan approval is based on the property’s rental income covering the mortgage—making it easier for investors without traditional income streams to qualify.LLC Protection: Many DSCR lenders allow you to hold the property in an LLC.

Are there lenderss that WILL escrow the taxes and approve the heloc?

First-time investors should start with their goals, get pre-approved, network with locals, and maximize learning in forums by asking questions, searching for similar markets, and engaging with members.

. $100 for a lease and several other documents, written by investors and attorney approved for your state.

Consider working with a lender to get pre-approved for financing, as that will give you an idea of your buying power.

CMHA also approved a substantial increase in the section 8 rents.  

Your property might be legitimately worth $1,500 and the tenant qualifies for $500 in assistance, but can only afford to pay another $500 for a total of $1,000, they won't approve $1,500.Unfortunately, you can usually only find both of these out when you have an application and lease signed from a prospective tenant and submit it to the local housing authority.