Thank you Chris , I would have to do something like this as the homes that are there now do not warrant repairing. too much time and money involved.

She said I should write a check form my HELOC to any of my other checking accounts because I'm not able to do a "Stop Payment" on a check coming from my HELOC.  

Do you know of an independent bank that gives reasonable rates and takes into account your rental homes cashflow and history unlike traditional banks?

Here is my suggestion to get your fiancée involved. 

I'm a new real estate investor part time and a full time Accountant.  

I may be a mile off, but the air stinks and the public is getting a whiff of it.Moral of story....FLIP....FLIP...FLIP some more(to build the bank account)and then BUY, BUY, BUY, HOLD

I have been involved with real estate investing since 2009.  

Hi @Varinder Kumar Don't assume the market rent, double check with a realtor if you haven't already.And if you do pull out the equity from your current rental, don't forget to account for the monthly payments as well. 

You want these guys, they work regularly (can maintain an account with their vendor for the best pricing) and do quality work with quality materials.

I am not an accountant or CPA but my understanding is, if it is available for rent then those items are deductible.