@ the current payment, yes, i can cover it no problem.

Had to recently evict my last tenant for non-payment.

You could pull out $200K to $300K and Make a few extra payments a year and have that mortgage paid off in 8-9 years.If you pay the mortgage as a Bi-weekly and add $1000 a month you will have it paid off in 9 years and it saves around $225K in interest.

For the first floor they will not provide any copy of an old lease and will only provide last two months of payment history for the building. 

I was able to sell my previous properties with significant down payments and I owner carried, which I am still receiving payments on.

A reminder that any deduction just delays the payment of tax, it does not avoid it or delete it.not tax or legal advice. 

With the out of state investing, you'll likely need to file a non-resident return in any state where you invest and earn income if they have an income tax, and may want to talk to your CPA about making estimated payments to that state. 

I like using Cost of Goods Sold for my expenses so I can get a snap shop pre mortgage payments of where I'm at on the properties.After this is all set up, then you simply do entries into the program under the transactions tab (2nd button with the lines in it). 

You did not indicate where the money is coming from but if taking out a construction loan, the loan payment will likely exceed $1k if using construction loan (will be a little less if using heloc).  

For example, I may collect an 8 percent interest only monthly payment on the principal balance and 10 percent of the equity in the future when the loan matures.