In fact, the rule of thumb in the industry is called the 50% Rule: that 50% of the rent will go toward non-mortgage expenses (vacancy rate, repairs, maintenance, insurance, property taxes, management, accounting, etc.).

HELOC's are used for personal expenses or home improvements.

My duplex will be paid off in two years.

so, for each individual person, it's more or less doable.if it's going to take you years to save up a down payment, can you increase your income and/or cut your expenses?

HI Robert,There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

You know that a double close means you have to fund the deal yourself with your own money or what's called transactional funding (specifically for double closes and needs to be paid off within 24 to 48 hrs) and then your cash buyers comes in and pays that off with their funds, right? 

House 2004. im trying to decide if it makes sense to keep it  or lose it now before big expenses.

I have personal capital readily available to invest in various aspects of the venture, including contributing to the investment pool, covering legal expenses, conducting due diligence inspections, securing earnest money deposits, and addressing other initial capital requirements.4.

I was thinking of getting one for my property's LLC and then adding myself as an employee with a separate card, cancel my card I have for personal use, and expense the annual fee for the business card.If I have a business card as an employee, what are your thoughts on using that "employee" card for my personal expenses so I can track them and pay them separately.  

Seems like expensive insurance to me, and if the tenant is already planning to re-up, then it's definitely not worth the premium.