Hey @Aleksandra Draws - sorry to hear you're having issues finding a realtor.  

Whenever I need cash for repairs, or when I'm ready for my next deal, my equity is there and I can just draw on the HELOC again.But if the market turns south, that equity can rapidly disappear, and the lender can shut down the HELOC in a heartbeat. 

. $0 in debts divided by any amount of income is 0%.Rental income from the property you are purchasing, is qualifying income that puts our DTI at 0%.Keep down payment funds in a joint account.

Account Closed Parolees are released in Desert Hot Springs, go to Yucca Valley where their grandparents live, who get fed up, then end up at their Mother's place in Hemet.I can draw you a map with arrows and routes.Think I'm kidding?

Considering developing a cowork space down stairs to get creative and draw some attention. 

So if I enter the expenses on the rental calc, I would have to divide the expenses by 12 to get the monthly?

I should add that both of our credit scores are excellent, and that we have 2 fully paid off properties from which we could draw equity.Would anyone be able to speak on this matter?

I have seen a few places that divide the utilities according to square footage or number of occupants for the water, but I would bet this opens the door for neighbors to be complaining about each other and insisting they are using less than their share- I would rather avoid that issue.Good luck with your decision!

Divide NOI increase by CAP rate and you will get value increase:28800/0.085 = 338824

You would buy the property and have draws on the remaining funds to pay the contractors.