You could borrow up to usually 50k for mortgage loan.

I would not buy something that needs mild renovation out-of-state as a brand new investor as you will not be able to manage it and will pay 4x the cost and it will take much longer and you are likely to get scammed if you have not built a proper funnel.

He did get some money from Insurance, but not enough to properly facilitate a quality rebuild.  

Based on comps and speaking with realtors we figure I can sell my home and after paying off my mortgage and selling expenses I could net approx 750-900k, depending upon the sale price of course.

This will be my first rental property so want some advice.Purchase price - $195KDown payment - $59,176 (25% plus other closing)Annual rental income - $29,424 ($2,452 a month for 4BR)CoC return 10.7%Cap rate - 9.7%; Price to rent ratio - 6.6Cash flow will be over $5k per year after paying taxes and mortgage.

In the past, RentingFamilyMember has filed Schedule E and apportioned expenses by rental percentage, including mortgage interest and real estate taxes between Schedule E and Schedule A.

Me and my wife have a house that was our primary residence (no mortgage), and looking to rent it out.

I am a mortgage broker, I saw most of the replies, have you been pre-qualified?

I got a 2.8% 30 year mortgage (main reason why I haven’t sold it yet, even though I have a bit in equity now, thanks to appreciation- I think it could sell for about $380k today, but still owe $246k out of the $271k I originally borrowed ).

They are the ones who also have the mortgage office which is what a lot of the servicers use but that is an overkill and way to expensive.I also know some people have created flows withing clickup and other project management systems.