They will likely count your potential rent as part of their analysis and should give you a good idea of how much you could "buy" based on your situation.

Also consider all lenders will require to review your insurance when underwriting a loan and it's likely a violation of your existing loan documents to let the properties go uninsured even if they didn't require insurance escrows. 

If you are buying more than you’re selling.

@Guillaume Vidallet no matter what state you create an LLC in, all other states will require you to register any LLC that does business in their state.So, you buy a rental in Michigan and place in an LLC, you'll have to register that LLC in Michigan. 

If you are struggling to make the numbers work, then it is likely not a deal to pursue.Our biggest challenge in the New Orleans area is the cost of insurance.

It makes you look like you’re asking for a new build, not an existing home. 2) Anytime you mention big items like HVAC/roof.

BP Community, I’m reaching out because my 13-year-old son has developed a huge interest in real estate, and I’m not sure how to guide him. 

Its completely dependent on when the last time the company gets a data update and how often. 

There seems to be a mis-understanding about what ESCROW accounts are. 

You would need to notify them in writing that you will not be expending their lease and they will not be transitioning to a month-to-month lease.