Remember that real estate investing is a continuous learning process that requires adaptability and perseverance.

The HELOC will eventually require you to amortize most of the time.

It depends on whether or not the carrier requires 12-month lease agreements...have to talk to an agent and provide accurate information on how the property is being used.

Not a fan of just basing it off rent, while that is a good gauge, it can be way off - just like cap rate can be on a MF building - good indicator but a lot more research and analysis is required.

We advise landlords to require two main criteria:1) Household income should be at least 40x the monthly rent.2) Applicants must have a credit score of 680 or higher.It's also important to review credit reports for red flags like rental collections or high credit card balances.

The house that is on the property is uninhabitable and would require 200k plus renovations to get it to where you could start adding finishes.

If it can't meet the requirements it will pull data that is outside the parameters to fulfill the request.

No personal DTI is required to qualify for this loan and you may borrow up to 75% CLTV (If the property is a long term rental)

They require 2 years of work before my overtime can be considered 'effective income'.

To obtain $200k worth of cash flow at current interest rates would require around $7M worth of purchased real estate in the NY metro region if they all had loans at their nascent stage.