Also it makes it more difficult that you dont have any experience level or track record. keep looking you will find a lender but again keep in mind your credit score, finances and experience level will all factor that number of lenders that will open up their bank accounts to you.good Luck

Account Closed Thanks for the info.

Account Closed, if you're aware of a recent market sentiment poll of investors, the community BP represents, I would love to see it.

You need to look and see when the last 2 of 5 years would apply to you and talk to an accountant on how much it will cost you in taxes if you go past that time frame. 

I am trying to find someone before the tax season is among us. what is a normal rate for services, is it a once a yrs ordeal or monthly like an accountant. please help if you can I appreciate all, thanks Art. 

Do I need to do a monthly distribution to my personal account and then pay off the HELOC?

The section on the left hand column of the table (starting with total annual income and ending with annualized total return) a formula for each would be very helpful.

Hello Account Closed, glad to have you here!

The location (schools, restaurants, crime, etc) is decent but nothing too promising in terms of appreciation (3% annual average) Here are the details: Purchase price: $170,000Rental Estimate per month: $1500HOA: $1000/yrInsurance: $1100/yrTax rate: ~3.4%I assumed the following:I use a 20% downpayment on a 30 year fixed conventional loan w/ 4% APRNew build so warranty is covering most things so minor, if any, maintenance will be neededTake into account 1 month of vacancy per yearTake into account annual broker fee to list of one months rent~5K closing costs~2k in appliance purchasesResult: Assuming rent range of $1500-$1550/month and assuming 1 year I wont have to pay the broker fee to list:From my cash flow analysis I am projecting to have positive cash flow of around .02%-2.1% per year. 

Also for an LLC to apply for a financing, does the lender take into account both (or all) partners credit worthiness or is there/could there be a primary?