My favorites are: The Millionaire MindRich Dad Poor Dadand Think and Grow RichI also love Dave Ramsey’s total money makeover for personal finance and bad debt reduction.

HUD 4155.1 5.b.7 (opens in .pdf) reads:The borrower may obtain a loan for the total required investment, as long as satisfactory evidence is provided that the loan is fully secured by assets such as investment accounts or real property.

How do you feel about drive four hours total to manage a property?  

If your tenant can afford the total nut on both mortgages why can't he afford a higher rent?

First point total lets me know who to run credit on and making phone calls on.  

I do all my own repairs but would be contracting for big jobs.Here are the details:Sales Price: $299.9 (working comps)Total Income: $3.3k (rent) + $325 (other) = $3.7kTotal Expense: $2350 (mortgage) + $400 (Water) + $409.8 (Vac) + $372.5 (Repairs) = $3.5kCash Flow: $192.75Annual Cash Flow: $2.3kDown Payment: $0 because I'd try to solely do this with HML upfront and then refinance in 6 months with bank.

Total rent is $600 for this unit.

But was a total fluke. 

This is not to mention allocating the bills, going after the tenants is a total PITA.

.- I am totally aware of the problems with condos.