Monthly  cash flow will be $650Hopefully once property 2 is occupied ill have extra cash to fund property 1 and eventually get it rented out as well.

Would you be willing to go into further detail as to how you fund your projects?

there are extra buyer premiums they add as well, let alone the previous mentioned ghost bidding. 

I was turned down because the bank said the property was not fund-able something to do with the HOA and they did  not go into any more detail.

This may not be feasible without more specifics on my taxes but perhaps a rough formula on how I could figure it out.My basic thought process with the math would be the following:For every extra $1.50 I make above $100k (but below $150k); I lose $0.75 I can write off.So here is where my knowledge really breaks down (if it hasn't already unbeknownst to me).So for every $0.75 I lose the ability to write off as a passive loss; will this cost me $0.75 or will it cost me $0.75 times my marginal tax bracket of 28%, which would be $0.75 x 0.28 = $0.21And if it cost me $0.21 per $0.75 and therefore $0.41 per $1.5, that would basically bring my OT down from 1.5x base pay to roughly 1.1x base pay?

That means the neighbors who know about them could complain if they see you renting out the extra building.

If you have a prospectus for the property, PM to me along with the details for your executives and operational staff.

Obviously, there are a number of factors such as which financial institution you're dealing with, your details, and the property that change these loan factors around.

It's not fun and can cause a little extra work, but ultimately the LLC is the way to go.We now have 5 LLCs to hold different sections of the portfolio each has its own bank accounts, income statement balance sheet.

You have to check the zoning to make sure it allows for the extra units.