On September 1, C uses an additional $40,000 of the debt proceeds held in the account for a personal expenditure.

Hello everyone I am also new and was wanting to know if I could get a mortgage loan with a credit score in the upper 500s I'm self-employed first time buyer does anyone  know if I would qualify I would rather do L/O than wholesales the wholesaling thing u need to know people u can sell to quick or if u know how long it takes to build a score thank you 

The rent roll is correct at $144k per year, apparently there is additional income from laundry, but don’t know the numbers yet.

The other side hustles you mention are great additional streams of income... if you are passionate about them.

Must have references that are positive, employer that is positive (or verifiable consistent income), 1st last and security, and complete background and credit check. 

Then imposing a nominal annual registration fee and an additional tax on short-term rental income.

I have a family member who I currently employ, who is available to do landscaping and housekeeping on a daily basis, if need be.As I will be out of state, I would need to have a management company find tenants and manage it. 1.

I have two options in front of me either to obtain a rehab loan, which will cost me $10k for six months ( points, fees, interest) or just finance the entire deal with my own money (cash).The rehab loan will enable me to obtain an additional property, so in six months i'll have two properties ( one with the loan, another with my cash)  but it'll cost me an extra $10k (on top of the regular down-payment which in any case i'll have to lay out) .

To make it easy, I add additional 1% for PM fees.Long story "long", I use 11% for PM fees :)

My main concern was that with a HELOC I would not want to carry the additional payment for a long time, so maybe investing in a flip or something that would allow me to recoup the cash within a relatively short period of time would be most beneficial?