As a general rule, I would never pay any up-front money to a lender or lending organization.All the love in the world to the entrepreneurs who take the risks to start up businesses and bring new services to the world.

It would give me a better idea for determining if it will cashflow and what I should be offering on these properties.Alternatively if anyone has experience with foreclosures in the CNY or Syracuse area and has a general rule of thumb (if one exists) for making offers on foreclosure listings I'd love to hear about that as well.  

Clear expectations and Delegation are key to being a landlord.I did everything myself and did not create a team to support me in case of problems.

Clear expectations and Delegation are key to being a landlord.I did everything myself and did not create a team to support me in case of problems.

That income can be ANY legal and verifiable source of income,  including wages, SSI/SSD, food stamps,  settlements/child support etc.   

If you haven't heard of them already some quick rules of thumb are to look for properties that rent for 1% or more than the purchase price and generally you should expect about 50% of your rental income to go back out in expenses like property management, capital expenditure, maintenance, vacancy etc.

Should I pay for these resources if I dont know anybody in realestate and I've moved accrossed the country from family who cant support me?

Unfortunately the HOA can make their own rules.

A general rule is to never put more than 30% on a card or that will hurt your utilization ratio.   

., I'd prefer to purchase in a separate LLC and use my income to support the loan, but I'm not sure if this would be possible).My question really is how to setup a separate LLC to operate the AirBnB with my wife.