If so, do you record the HELOC interest in "other expenses" on schedule E or combine them on "mortgage interest" section?

I also have a W2 job so our combined W2 income and my passive income also make the AMT a factor.

I find a combination of it being much easier to buy (30 settlements vs 1 settlement), manage (30 different addresses vs 1 building, 30 insurance policies vs 1 policy, 30 spring roof inspections vs 1 roof...), and yes, economies of scale ($850/yr insurance on my SFH vs $7k on the building) makes Multis more attractive to me than all SFHs.  

The combination of BP and SJREIA is plenty to get you started and networking with the right people.

Purchased both properties back in Jan and sold both of them this week for combined profits of just under $35K. 

Landlord lived at the property for over a decade and never had such a situation. 2) A/C likely not functioning.

However, combining them creates problems that will be difficult to overcome.Let me explain further.  

If you are buying for future appreciation, you cannot use the same matrix as you might use if you are buying for cash flow right now, and its usually the function of neighborhood that you choose.Just because you can cash out for "x" amount from a given property, doesn't mean you have to.

At this rate, even accounting for vacancy, cap-ex ($30/unit/month), and a 5% reserve for a property manager, it's still an 8.65% cap rate, and (depending on the financing terms I ultimately end up with) will cashflow between $3.5-$5K a month.I got this under contract because of a combination of their realtor being inexperienced (She only listed it on one MLS service, not even in the correct county), the owners being burnt out (one of the owners tragically died in an airplane accident), and sticking to my strike price.

I know people have found great success in all kinds of REI, but his primary argument is that buying a good, normal home in a good neighborhood will provide the highest appreciation rates, which combined with leverage is the real wealth generator.So imagine a hypothetical B class neighborhood that has both small multifamily and single family properties.