.$4,600/mo Income * 41% = $1,886Minus monthly debts (car, credit cars, college, HELOC) = $817Left over = Maximum mortgage payment (PITI) on a new property $1,069That is even assuming your rental properties are break even - if you report a loss on your schedule E it will take that amount out of your income.But if your car and credit cards were paid off your monthly debt would be $325 so your PITI max is now $1,561 which equates to the ability to buy about $90k more houseI also recommend during this time looking at your credit report, fighting and late payments or bad remarks so that when you are ready your credit it as best as can be

However you wont qualify for BAH and food stuff even after you purchase a house until a minimum e-5. ....

I know there is something like with my e-mail where it asks on Comcast if I want to use Facebook to log into my account or something.

Most things can be communicated over the phone or via e-mail.

I need to know that before I ever write that $10,000 e-m check.Now, as far as typical terms and such: From what I can tell, the going rates seem to be in the range of 12-16% with 3-5 points or so.

You can always go to the IRS website and grab a hold of a Schedule E and the instructions for Schedule E and start reading.

@Stephen E. yes, thats exactly what I need.

There is some great e books, such as the UBG, and the podcasts are gold.

there has been a lot of discussion on this subject, I am funding a few fix and flips next week in Chicago I have put in an e mail to my attorney there to see if this is legal in IL.

@Edwin E.