If you can find a house or duplex where rental income covers a significant portion of the mortgage, it could help you build equity while minimizing your living expenses.I'd recommend looking into first-time homebuyer programs in your area, and as always, make sure the numbers work for you.

Without providing legal advice, this may help.

i say this not to discourage you, but just to help set expectations.based on the numbers you provided, for example - 40K down payment + closing costs + rental and make ready costs - let's call that $50K. 

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

The materials also claim the powered rods help reduce sediment.

Hi good people. I am trying to take a HELOC on my primary home for a down payment for my very first rental property. After contacting about 4 lenders, I am finally trying to choose between these two offers:
Option #1...

if it's helpful to know, the place is a condo.David

Could you please help me, get in touch with the right agent?

We always try to help new investors and pay it forward!

Hope this helps!