I am just starting out with rental property investing and trying to figure out how to buy that first property.  Currently, I am focusing on small multifamily and trying to figure out how to finance it. I own the house...

What are the steps to be taken when a tennant in Tn has violated NEC codes via overloading circuits an daisy chaining strip outlets,permanently using extention cords off a strip,etc in a very unsafe way.Can you evict them for adding them without your permission when lease states it must be approved 1st.? 

I am already pre approved for a loan, and am looking for a property to complete a successful BRRRR.

they may give you conditional approval. 

Hopefully a tax person can answer for sure, but I don't see a problem with it as long as your partners approve.

I then recommend doing a cash out refi on the new investment property on the refinance portion of BRRR to pay off the HELOC which would allow you to draw against the HELOC again during the repeat portion of BRRR while once again avoiding closing costs.If you do a cash out refi of your primary to fund the purchase and rehab, you likely will have a large amount of closing costs, and since it could take a month or more to be approved, you likely wouldn't be able to take out the exact amount needed which means you will be paying extra closing costs and additional monthly interest charge that could have been avoided with a HELOC. 

I like to have the lender call the listing agent directly to vouch for the pre-approval letter so they've heard a human voice and know it's not some unreachable person.As far as listing a house that needs updates, make it as clean and uncluttered as possible inside and out, we always stage (can be simple and DIY, makes a big difference) and do pro photos, and figure out what the house has going for it and what it could have that buyers love (great yard?

Hi Julie,I am putting provisions in my lease rider for late fees (my place is in Jersey City).I had an attorney assist me with writing and the legality of my lease rider.So to answer your question.Based on what my attorney has approved for me to include in my lease rider.it is permissible to charge late fees in NJ (please check with your own attorney).In section 7 of the NJ realtors standard form of residential document, there are provisions made to include a late fee.http://www.bhnj.com/pdf/NJ_Rea...

I was approved. 

We would be building on vacant land so going down that road without knowing pretty well it will be approved obviously isn't ideal.