It may also be beneficial to require a co-signer for the lease, especially if the tenants are college students with limited credit history.When writing up the lease, clearly outline the rules and expectations for the property, including noise levels, guest policies, and maintenance responsibilities.

I hope to have my book published this summer and it will include all these great tips and more!

I wound up taking a loss for 2023 due to a unprofitable part of my Amazon business, and I feel like I am at a crossroads going forward.Currently, I have 400K equity in my home, and 100K in personal/business debt (and that's no one's fault but mine).

I would never advocate using unsecured debt for a down payment.

This will include CPAs, lawyers, Realtors, contractors, property managers, and financial advisors. 

Are there lenders who will consider my past str track record when determining Debt-To-Income ratio in regards to turning my current house into an income producing property?

Can someone explain to me what exactly would happen if America defaults on its debt?

HELOCs tend to be very good for short-term debt.

Alternative options include a cash purchase, requiring significant upfront capital, or a hard money loan with higher interest rates.

The owner reports gross rents of $2750/month (this includes the home plus lot rent).