- New builders have been given lots of incentives for months now - they pay closing costs, buy down interest rates, higher commissions for agents. - Possibly... in most areas of the country the market is a sellers market and the seller can get top dollar for their property.

I found one self-paying tenant with a 530 credit score and eviction history.

Just a 24 y/o wanting to learn how to earn some extra income through real estate.

King if your goal is only to pay the bills. 

So that by the end of the amortization schedule, almost the entirety of the monthly mortgage payment goes directly to pay principal.

It would just be so much easier to let B report all income/expenses than to have A & B split everything but A also pay B rent!

Some thoughts - garages or carports, for extra income from tenantsIf you have the ability to add a second driveway, consider trailer / boat / rv storage in an area enclosed by a privacy fence, or even garages to be rented to non-tenants for cars / storage.

If you plan to pay down quickly, splitting into two loans makes more sense because you can attack the more expensive loan with the extra principal payments and rapidly change the weightings, reducing the blended rate with each payment (fyi - most investment property 2nd liens will have prepay penalties).

You may still want to consider opening up a separate bank account because there may still be some expenses that you pay for directly outside of what is paid by the property management company - I.E.

I could use the HELOC to finance my down payment and rehab and then when I refinance my BRRRR, I could pay off the HELOC and close the loan.