This results in 1) a higher monthly cost for initial coverage and 2) rate increases or policy terminations once they start making claims – and these follow you from insurer to insurer.

Of course, such "savings" typically come with increased spending over time versus making the expenditure up front.

You do need to consider the extra wear and tear that can come from certain breeds as well as the increased liability.  

If the economy turns for the worst people still need a place to live, hence the increase in rental need.

@Guy Gimenez, any suggestions on how a newbie can increase deal flow? 

Hi Bryenne, I work for Huntington Bank in Shelby Twp, and I do a ton of HELOCs for customers that are buying investment properties.

As I learned on BP, I don't want to buy a property hoping that the value will increase drastically because the neighborhood will get better over time.

I'm have a job that's higher paying than the one I will be going to, and my current DTI is low given I have a high-paying job, but my DTI will increase since my new job is lower paying.

I currently only have Class A properties with zero tenant or property issues however I’m thinking about going with this property class to increase my overall portfolio cash flow.

Property info: #1 main residence, current value $1m, outstanding mortgage $400k#2 current value $600kSo, ideally I'd like to have one mortgage for $1m, to cover both properties - as that would mean only one mortgage, only one enquiry = increased probability for approval.