We’re planning to rent our home when we move—but we know we will be moving out of state. 

However, you can divide the cost of the property and expense it overtime as DEPRECIATION.When it comes to taxes, DEPRECIATION is a great source of savings.

I am currently saving up to get into my first seller finance investment property from NJ, how long have you been investing in Birmingham?

@Ade Akingbade so, you jumped in without looking and you're now in over your head.You bought someone else's problem without a clear plan to turn it around.Highly recommend dumping this property and taking whatever loss you have to.Otherwise, you will just lose more money trying to fix this situation when you have no idea what you are doing.Bring your funds to Detroit - which is growing!

I am planning to get this HELOC before closing in order to buy another 3rd investment if God's willing.

The current interest rate environment has put a damper on a lot of investor's plans to execute a cash out refinance. 

I don’t think your plan is going to work, but maybe I don’t understand.

If you have the time and experience, hiring your own subs (like plumbers, electricians, painters) can save you some money, but you'll need to manage the project yourself.

Get rid of debt, build a budget, and save.

It’s 4bd 3.5ba nice neighborhood and planning to cover inground pool and add pickle ball court.