You can use this link to see if your property of interest has such restrictions. http://www.freddiemac.com/homepossible/eligibility...Good luck! 

Someone earlier put up a link to the FHA rules so maybe they will stop by and post again.

I will now be paying more attention to that factor. 

Hey @Jean CamilleCheck out this link https://thelendersnetwork.com/fha-loan/

And the HELOC payment will go up with interest rates and at the end of the draw period so you have factor all of that into your analysis.2) That depends on the terms of your HELOC.

Your success here depends on the quality of your list but good quality generally speaking could be 1-2% (so $25 - $50 per lead)FB prospecting is very untargeted as the person has shown no intent (you're probably just going to use targeting such as the zip code and potentially one or two other factors that you can target with using fb relating to home ownership and income or debt levels).

@Matt Morand If you use a PM, you always need to factor in the costs of bringing new tenant in.

These factors ultimately increased my mortgage payment thus reducing my cashflow to about $0/ month after accounting for vacancy, capex, PM fee, etc.

Here is the BP event link https://www.biggerpockets.com/forums/521/topics/54...

. $7500 pr year income assuming nothing goes wrong and 0% vacancy factor.  13 years payback to make my 100k equity.  23 years left on the mortgage.