The loans are based off of the property debt service which will determine the LTV range allowed up to 80% of what the property qualifies for.

I have always been a big fan of personal finance and used Dave Ramsey’s plan to get completely out of debt (other than my mortgage).

I am currently inclined to buy another one as the HELOC interest is 100% tax deductible hence I may keep it as a “never ending” nor growing debt. 

I am currently inclined to buy another one as the HELOC interest is 100% tax deductible hence I may keep it as a "never ending" nor growing debt.

This gives her legal capacity to sell. 

Would like to be able to tweak appreciation, interest/debt service, operating costs.

Getting prequalified should always be the first step though, you can just ask the brokers for your max budget based on your income/debt, and down payment size (20% down if you’re going conventional 30 yr fixed, plus ask them what they want to see in reserves after close.

They are lumping in my sister's personal debt (that was what the loan officer suggested) so we will only get $30k in cash to work with. 

But I've rented to people that only made 2x the rent because they were elderly, had zero debt and good financial responsibilities, excellent Landlord references, etc.

I looked at it then he told me it was going to be foreclosed on in 3 days and I didn't want to go through the hassle of redemption and more legal fees.