@Varinder KumarIf the cash flow from both properties covers all three mortgages (including the HELOC), and there's positive cashflow left over than you should be good.

I am looking forward to contributing to the forums, especially topics including: financial analysis and underwriting (a class I teach at UCLA), leasing commercial properties, and flipping v. renting (via my former position at American Homes 4 Rent).

So here is my case for So Cal:- Advantages of local including expertise, cost to get to property, able to self-manage if desired (typically ~10%).

I am joining BiggerPockets to obtain and further enhance my knowledge regarding Real Estate practices as well as meeting new faces that I can hope to provide assistance of my own as well as gain knowledge from them and their experiences.My expertise includes being involved in Public Relations and having worked in the Public Sector for many years.

Lots of people in RE and businesses that support RE investors there, including attorneys and CPAs who get RE. 

This is impossible where I live in nyc, so I'm wondering where is a better place to do this with $50-75k in cash.Fyi, I already have experience with out of state buy and hold (including out of state rehabs on these houses).

Gross Rent = 8832I went with $800 per month even though similar homes go for $750 this home has had upgrades to include wood floors and new carpet.I used a 8% VAC.2. 

My current hobbies include paintball, auto and tractor restoration, farming and just making things in the shop. 

Or you are not including all costs in your calculation

Secondly, figure out a way to prospect every day including reaching out to local FSBO's, researching and calling Expired Listings, calling local probate lawyers and getting your name out there, and calling lenders to build relationships in hopes of getting REO's.