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.

Try networking with the producing agents in the niches you're targeting.

A combo of cash, terms, and hard work will produce positive results.

My original intent was to hold it as an income producing property, but I need to sell it and I expect to pay UBTI because I only bought it in July.

You still must produce an offering disclosure document and submit annual reports to the SEC.

I want the property that's going to quadruple in value within 5 years and produce a $1,000 a month cash flow.