Depending on when you purchased and rented your other 6 properties you will either qualify with 75% of lease agreements or your filed tax returns on the schedule E.  

I acknowledged your right to believe such things in my original post on this thread.Th(os)e statements,  ..." may well be true in your moral opinion (not in mine), but the law has no problem with leaving expenses off your tax return.

So whatever I would have on my schedule E for this property would be half of what would normally be.

Making a couple hundred bucks in cash flow doesnt get my juices running anymore.

The HELOC shouldn't affect your credit until you use it, and thus the juice starts.

My lender requested the Schedule E and I just looked at it.

@Derrick E.

Different situations call for structuring you offer differently, ie. if there are junior mtgs/liens you’ll often ha e to kick in additional funds to satisfy them, above your purchase price.A short sale can only occur before a foreclosure auction.

@Lynnette E.

If you’ve got any questions about the area, NE and E Boise are the areas I specialize in (and live) so I’d be happy to help!