Hi all, I'm looking at a deal that's grossing $56,400 a year, with about 39% in expenses(factoring in new taxes).

Larry, If I’m following your math, you need to find a way to increase your income outside of the rental property to cover the mortgage+heloc $1500 payment.

That's a good question. it is technically income to the investor.

I have wondered though if there are government grants/tax credits for providing internet to low income tenants.

AIRDNA: As is (1bed/1 bath): Projected Revenue $50k/year, Net Operating Income $24k/yearPost rehab/rebuild (3 bed/2 bath): Projected Revenue $120k/year, Net Operating Income $76k/yearZillow Rent Estimate:As is (1 bed/1 bath): $2,900/monthProjected rent based on comps in area: $6,500/month We would also more than likely include an ADU in the new build.

As long as you qualify based on income I see no other roadblock. 

Such a move could affect your ability to secure future financing by impacting your debt-to-income ratio and overall credit utilization.

Renting to travel nurses and corporate housing can be a great way to generate steady income from your property.To attract potential renters, you may want to consider listing your condo on websites such as Furnished Finder, Travel Nurse Housing, and Corporate Housing by Owner.

Then do similar cash out again when DST renew, staggering DST's.We don't need legacy just income to live.  

If you’re looking into wholesaling or flipping, merely for a “quick cash fix” then that goal and action plan will be very different than trying to build wealth or passive income.