Personally I have never heard of them.

If they had instead used the money to get started, with personal research and due diligence, they would be lightyears ahead.Maybe I should start a YT channel.

If you tell them you're a landlord and you own the property but aren't living in it, they should be able to quote you for liability, the house, and a much smaller amount of personal property (appliances like your fridge or stove)

It's not a great time to refi if you wanted the equity from it, but it sounds like you are going to trade this house to do the same thing again so why not keep it and do the same thing again since you are thinking you might need to go big on your personal residence next?

When a buyer gets a mortgage for a property with low money down the bank does an intensive underwriting process to make sure that Buyers qualified to make those payments.

Personally, I think the taxes are high and the services you get for your taxes low there.I know people that invest in Detroit but you must know the area down to the street and have excellent property management.However, I just talked to my CPA today about a referral he was sending me who is a client of his that has 30 rental properties in Detroit and selling them all because the City doesn't really help, charges for everything, and they never have given a security deposit back to a tenant after they stayed because of their behavior or lack of payment.

Thank youStaton As long as it was advertised and available to rent you can deduct it.The only exception is if you had personal use above 14 days in that year.

When they can get $47k guaranteed from the bank.

I had called Audible and ASKED if the CD was available...which means I want the info ON THE CD...and the person I spoke to just said the CD was not available with the audio version...so why not tell me that the information is available ON THE AUDIBLE WEBSITE?

Texas Citizen’s Bank in Pasadena is investor friendly.