FNMA and Freddie loans are non-recourse and typically allow borrowers to apply for a FNMA or Freddie “supplemental” loan (2nd trust deed) after the first year of the initial loan term, which is a feature that distinguishes the GSEs from CMBS lenders whose standard programs prohibit secondary financing.

If the property requires rehab, the Realtor and/ or Mortgage Broker will suggest applying, for a 203k Loan.

(Craigslist, Zillow, etc.)(2) Growth Approach: For properties rented historically, use the initial rental rate and apply your county's annual growth rate.(3) Data-driven Approach: Online tools, such as the Rent Zestimate, use large amounts of data to determine price.

I would like to grow the portfolio and have some flexibility to apply more loan under my name.

A few things to remember for your lease:Specify a late fee (grace period is 10 days in CT), and note that payments will be applied to late fees first, before being applied to unpaid rent charges.Specify that toilets/drains clogged from anything other than deterioration or failure of the pipes will be billed to the tenant.

Let's say if I have $360K mortgage balance now and when applying for a home equity loan, the appraisal comes back with $700K market value.

The two parties that overlapped were the ones who applied immediately. 

Just saw this post.http://www.realtor.org/videos/the-voice-for-real-e...Sounds like it is possible for the Federal Government to do away with the price limit that vets have when applying for a loan.

I generally prefer to do it this way because the fee can be passed on to the tenant and you can set it up to automatically apply late fees if the tenant is late.

Apply the $74,900 “Threshold” and reduce that by the $9,700 to get $65,200 (0% cap gain rate).