You also have to have a location within you home or a office period to get their service as the information is sensitive and they must know you are operating a business so make sure you have at least a llc. 

We keep a smaller footprint so we can give better service!  

You then subtract what the estimated debt service would be - say $800.

I have seen that online with news services recently.

The weather can play havoc on your property in cold winter areas.You need to make sure the property has been winterized by having the heating,water heater,pipes,rain gutters,and the like are serviced for winter and fully inspected.Make sure you have a snow removal plan in place like the tenant has to do it or you pay someone to do it on a regular basis.

If you are thinking of becoming a part time agent to work with folks buying at "retail" price, you need to understand that they need your service and attention.

But I also noticed that appliance companies have services that can be called if there is an appliance needs to be repaired. instance, GE has a service where you call them and they arrange for a vendor to check out what is wrong and repair it.

It will be difficult with no money, no/inconsistent income, AND no experience ... you normally need at least 2 of those 3 ... perhaps you could work in RE services, like as a RE agent, for example, to earn while you learn and get yourself closer to getting 2, if not all 3 to invest with ...

Ramon, if you are looking just to tie up the name see if MI has a name reservation or filing a DBA (doing business as) instead of filing for the LLC.

I worked for a RM servicer for 6 years and only ran into a handful of cases where there was any equity in the property as a lot of the property values were inflated when the loan was originated.