@Lynnette E.

In that example, the interest on the HELOC would be deductible (on Schedule E) against the newly acquired rental property because it’s a business expense for that new rental.

@William E.

Contrary to popular belief, this is not set because I believe it will give me a higher return.

And make sure to account for the following expenses:1) Mortgage2) Mortgage insurance (PMI or MIP) or FHA Risk base3) Property Taxes4) City Taxes5) HOA (Home Owner’s Association) Dues and Fees and Assessments6) Insurance   a) Property Hazard Insurance (0.3-0.45%)   b) Flood Insurance   c) Earthquake Insurance   d) Umbrella Insurance7) Vacancy Rate (usually 8% - the equivalent to one month a year, or 5-6% if multifamily and/or if experienced, if not use 8%)8) Utilities (you’ll have these if your tenant is not covering them and/or during vacancy)   a) Water § Sewer § Garbage   b) Electricity   c) Natural Gas   d) Propane9) General Maintenance (usually 5%)   a) Upkeep § Landscaping   b) Snow removal   c) Repairs   d) New Appliances   e) Make ready10) Capital Expenditures (usually 5%, higher is the property is old and obsolete, less if fully rehabbed and all mechanicals and roof are new)11) Property Management (8%, even if you self manage, your time still has value and there might be a time when you'll want to be completely hands off or you'll not be able to do it, vacation, retirement, etc.), including...  

(Popular market for OOS on BP).

Its been a pain because these are in stock unfinished cabinets that are popular and don't last long.

After several different banks, I found a lender that we are now working with exclusively- he was a referral from our realtor.For the most part, I tell my realtor what I want to see when they come across as an e mail alert. 

I have come to the same conclusion about Carvana, but just because you and I are savvy consumers that don't mind negotiating with buyers/sellers/stealerships, that's not most people (hence Carmax's popularity!).

@Federico Gutierrez  buying as much as we can in SV,  bought two 4 units on E 55th, 4 unit on Fullerton,  its all about pricing, ( to a point ) again buying what we can,,,,,,,,