Actually I think we can't answer properly without knowing the numbers on rental properties in your area.

Certainly the deductions to offset sOme of the rental income, not to write off losses. 1031 is my exiling strategy on rentals, and I do not invest in Boulde proper.

Make sure you open your lines of credits and credit cards now while employedA smarter thing might be: a leave of absence, converting to part time, finding people to do some of the REI stuff, like showing properties, labor, screening, etc.Lots of people don't like their jobs, until they no longer have it.

Sheena proper Due Diligence is needed for this to be a successful venture for you.

Here go building a deck of cards.

There are proper ways to handle this based on size and extent of problem, whether mold is a deadly type, what your location is (for example, in NYC, I would be shaking in my boots.

Pay draws is the proper way to handle it so if your contractor does turn out to be bad, you cut them lose without losing all your cash.

Purchases are being made on pure speculation - not proper cashflow calcs.

It seems the cards are in your favor per your divorce, just stay resilient and keep doing your homework.

If there is a Realtor, the deposit goes to the listing broker in escrow and forwarded on the date of settlement with certified funds usually carried by the listing agent if they even show up.I'm no techie, but I have not heard of providing funds on line as it would certainly open the door to making such deposit with a credit card and thereby, part of the down payment would then be from borrowed funds which can make financing more difficult.