Al,For a Flip, the usual coverage is a Builders Risk policy to cover the existing property and the additions/renovations. 

The debtor may need to propose a modified plan that reflects the additional income.

Single-family homes tend to attract longer-term tenants seeking stability, which can reduce turnover and management challenges.

They create great cash flow but the annoyance factor is higher so since LTRs still cash flow we are cutting the Ohio STRs in half to reduce the time spent on management. (2 bedroom units close to downtown - not high end) STRs still definitely work.

I want to pay down additional amount to remove PMI.

A few notes:-- Does the rental still work when you account for the additional HELOC payments?

I am wanting to ideally find a single family house with a few bedrooms so I can rent out additional rooms to my friends who are looking for housing.

It may boost your income by giving you opportunity to earn commissions on real estate transactions in addition to imparting useful knowledge.Start with small-scale real estate endeavors.

Hello All, Any strategies on how to approach making additional payments towards rental property mortgage? 

Growing, Maintaining, looking to adjust to maintain returns, Looking to reduce risk....These two voices will steer you to the geography and type of real estate best for you.