I hope that its producing a ton of cash flow for you.

Your managing broker will want production, it's a sales organization, if you don't produce they may ask for an office fee allowing you to hang around.I tell people to sit down and make a list of people they know personally that they could call on the phone and talk about RE.

I also started another post today about using real estate for producing income (other than the usual)

Of course I will do my research and buy a property that produces positive cash flow.

Fun fact- If you apply for a loan after showing this loss, a bank won't care that you spent the money on income producing assets.

My question though, is in using a HML if I wanted to purchase a property and keep it as a Rental to produce and generate monthly Cash Flow.

Not the highest producing rental but it will serve as my first and one must start somewhere.What are your thoughts, did I get this right?

Great keep us posted, my area is turning around and I know that multifamily units are a great way to produce consist cash flow (purchased correctly) 

My main question is when using the 50% rule to evaluate homes, don't you have to account for the home equity loan monthly payment(in my case) in the expenses for determining whether the property will produce a positive cash flow for the month?

The lender wasn't able to produce the note when she challenged it and the foreclose was thrown out.