When I first started out I thought I could figure it out watching how-to videos online, reading books, asking questions in forums, etc.

. $2,500-$2,700 in rent but have a $1,900 mortgage (including current property taxes) plus $100 for insurance, plus a 10% chance of no one renting and another 10% set aside for repairs.After all that I'm in a range of breaking even or making $200 a month with this as a rental.

It's a fantastic strategy to pay down debt.Assemble a team of professionals, including a real estate agent, mortgage broker, and possibly a property manager.

However, if you put it as a primary residence house, the only liability you will be counted towards is the monthly mortgage payment of the house and removing your rent expenses (since you moved out).

With the new guidelines that came out with Fannie Mae back in November, you can now put 5% down on up to a 4-unit property with conventional mortgages. 

@Hetal Patel They would be itemized on Page 1 of Form 1065, likely on Line 20.

She utilizes online Amazon & Costco A LOT.

For insurance, you can simply get quotes online for free with no obligation - I'd recommend to simply get quotes online from 2-3 companies.

I am working with a creative team that I would be happy to introduce you to if interested.I always like to get to know the people I refer, so if you re up for it, please DM me so we can set up a chat online.

Helped us pay off the mortgage, now we are paid to live here after paying all expenses like taxes, insurance, utilities,  internet,  etc👍