Rent is 550 a month so 1650 a month total for the 3.

The home it self is need of a total remodel.

If the total debt is $651M, there isn't any equity to chase or protect, especially if that is the "balance" (Which doesn't mean that is the payoff, when you factor in foreclosure fees and costs).

When you go out of your area, you have to be particularly keen to choose an on the ground team that you can rely on to look after your interests. 

@Brent Coombs that's where my head is at too with the $210k in total.

Halo @Freddie Williams , it is totally possible. when you are referring to commercial i take it that you are referring to 5 units or more? 

A 'real estate professional' as deemed by the IRS is someone who works 750 hours per year in real estate, AND it is at least 50% of your total working hours.

I'm very anxious to start working on finding my first deal, but I have a few questions about my debt I'm hoping someone can answer for me.My wife and I both have student loan debt, in total about 60k.

Both rooms rent for a total of $1100 and my mortgage is around $800.

The PM is going to make the simple calculation of monthly total gross rent x 5%, which will include the CAM.