opinion.In a very general overview, I current own my home with a mortgage payment around 1150 and have done a comparative market analysis on the rent in my area and they are anywhere between 2000 and 2750.With that being said, I have been entertaining the idea of renting this house out and down sizing/grading a bit and purchasing another home to live in.Essentially, estimating this on the low conservative end of the spectrum from my "due diligence", it appears as if I rented this out I could cover my mortgage for my current home and then also cover the mortgage on the new primary residence.What are your guys' thoughts on this?

Note: I am aware of online applications like cozy that makes sure they fill out and pay their background/credit check but the applications for those types of software doesn't cover everything I want to ask and Brandon suggested paper applications is the way to go so it being my first rental I'll follow his advice on that but I just need a robust way of doing it.3.

That normalizes your #s across various investing opportunities and gives you a true picture of how you're performing. 

If you can get 100% financing, will its rent return cover both the mortgage and its other ongoing expenses?

Also I noticed you didn’t have a picture so please forgive me for asking but are you male or female?

The problem is that one of the two units is covered by the rent control ordinance in LA, and she cannot evict the tenant.

My question was how people "deduct"/don't pay tax on those expenses.To provide numbers, again this on a property, but not one I currently own (tenant in place for 1 year so no ads, turnkey so should have low repairs, but I still use 8%).income 1250$/monthTaxes 177$/monthInsurance 100 $/monthmgmt fees 100$/monthmaint 100$/monthVacancy (not actual money put aside) 125 $/monthCapex 183$/monthmortgage 440$/month of which Interest 4000K/year (330$/month)monthly expenses:1225$/monthprojected net income: 25$/month Your expenses remain the same (I guess they could decrease if you're covering utilities or something) when you're vacant, so you'll likely lose money each day you are unrented. 

Factoring in the mortgage, I came out at $90.68 (526.27 Net Operating Income - $435.59 mortgage) as my monthly cash flow.So here are my questions:Am I correct in thinking that I can finance $100,000 to cover my cash in, and use the difference between the appraised value and the financed amount ($41,000) as the minimum 20% equity to stay in the property that is needed by the bank? 

Sounds like stocks are an afterthought for you compared to REI but I'd love to get a clearer picture of what the allocation / timing looks like for you.

Good professional pictures always helpsIf you ask PRO Flipper, I know 33% is not great return but decent return for 6 month project as per me.