Rules have been changed and in the past it was OK to borrow as collateral as temp loan.

You borrow the $20k downpayment plus $5k in closing costs and $5k in rehab costs from your HELOC also at 6% (note $5k in rehab costs in nothing so the house better be newer and in great shape).Let's say you rent the property out for $1000/month and using the 50% rule you have $500 in expenses each month.Your mortgage payment will be $480/month.

Filing the claim will only cost me about $125, which I could recoup if the judge rules in my favor and they pay what is owed.  

I have a mentor that will analyze my first few deals and go in 50-50 with me if he finds buyer.  3) Once I've built some capital do some rehab deals 4) Get into buy and holds, BRRRRR Strategy / multi familyI'm sure this strategy sounds familiar to many investors out there. 

I only have a few properties and wouldnt because I like to learn the rules and do it myself as I feel I can squeeze more out than the CPA will.

However, it means you have to abide by their rules.

I am referring to the following article:  Ultimate Rule: Better Tenants = Fewer Management ProblemsThe ultimate rule to help you reduce bad tenant situations is to lease to better tenants in the first place.

I have 8 rental units now, with a goal to scale to 50 in the next two years.

Also I recommend to find a knowledgeable accountant who is very familiar with real estate, as not all accountants are.As a general rule of thumb, you account for all income and expenses associated with the rental property together during the year, and in the end of the year when the time comes to file your taxes you need to calculate the ratio between personal and business use according to the tax guidance.First, you need to strictly divide direct and indirect expenses associated with your rental property.

I had to repeatedly travel back to the house over and over for meetings with a specific firm of plumbers that the HOA insisted come there with the brief to persuade me to believe I had pipes leaking under my slab foundation - and push me to pay them for extensive unnecessary works.The previous (independent) pumpers and the engineer had already explored all this and confirmed no such issues The Board started inviting me to take part in the morning meetings they set up monthly to argue with homeowners who have broken rules.