My education level is coming across, but I still need a few more months until I am ready to embark on my own journey.In the mean time we will work diligently on decreasing student debt, cc debt ratio, and other open loans.If anyone can assist me in gaining a mentor I would be very appreciative!

Figure out the average monthly rent for that unit, take out 35-40% in expenses, then subtract out debt and that's your cash flow.Then calculate the total cash flow annually for that property and plug in your downpay cash in and initial rehab done if any and you will get your cash on cash roi. 

What is the debt service on it now??

That's great Richard.Instead of wanting everyone to give you something you have shown the perseverance and discipline to make it happen for yourself.Everyone wants success but just a few will work for it to make it become a reality.Make sure you have no debts that cost you money every month charging high interest and instead bank roll and keep growing your money.

It eliminates the scent left behind of the bees and reduces the chance of new arrivals in the future.

When you borrow money, you sign a promissory note that you will repay that debt.

I'm trying to figure out how to assess debt service costs when using a cash-out refinance to purchase a new investment property.I own one investment property and am looking to use the equity in that property to purchase a second property.

I had a debt collection company (a single member LLC) that wasn't making enough profit to warrant its continuation.In any case, assuming I had my last house for 2+ years, you're saying that two exclusions within 2 years is possible in some cases?

I won't have to pay a intermediary to set up the exchange, I will have 3 years instead of six months to find a replacement property, and I won't have to worry about matching debt on the new property.

That means you have a total of $500 to cover any debt service, or the amount you agree to pay the seller every month, and money for groceries if you don't have a job and want to eat.I might make an offer with my monthly payment being somewhere around $350 per month giving me $150 profit and that would also be the return on any down payment you give.