I’d tell you to try and partner with someone else but that too is a challenge if you don’t have several years of experience.Try and save $5000 up and get a few good friends to save $5000.

He would not be paying the bills but his 90 year old mother, who lives several states away, would be paying all of the bills.

We have gotten probably a dozen or so requests to tour the property -- several showed up, others never did. 

Several more visits revealed that the dog lived there.

So here's what I got; I owe $107,000 on my home, on the assessors website it shows a value of $144,000, I've talked to several banks to get rates on a HELOC and I found one bank that will do 85% LTV which comes up to about $15,000 for a HELOC.

There appears to be several good groups around too.

I have spoken with more than several HML's and each companies website says no credit checks but after hundreds (exaggerating) of discussions with each co's agents they all wanted and more specifically needed to run my credit.

You should have never bought a single unit rental unit house unless you could start off with several. 

You can definitely live rent free and with the right deal can have several hundred dollars of net cash flow.  

Required 2 years of W2s, tax records, insurance records, mortgage records, called my work, sent out appraiser, signed several docs + a notary to my house for final docs.