Also, if you have a mortgage, talk to your bank before transferring. 

I read that after 4 mortgages, you can no longer do them.

In some cases, it may be the opposite, if your mortgage is more than something that you could rent, it could be keeping you from saving more.

Hence, I cannot show income or qualify for an investment mortgage.

What we have done is get a mortgage based on purchase amount plus contractor repair cost estimates.

Has anyone taken the risk of buying a rental property with a mortgage (like 15 year), where your cash flow is at or close to break even?

Bought 2011, $255,000. (30 year mortgage @3.875%)Mortgage (PITI): $1320Rent: $1600PM: $160Utilities paid by tenant except,Water: $75/monthCurrent value: ~$340,000Deferred maint: needs a roof, and new carpet.

Fellow BP Members,This post is looking for inputs (or links to other threads I may be missing) regarding three inter-related issues (I do have an Attorney, Mortgage Broker, and Accountant...but sometimes I gain more clarity by reading a good BP post from accomplished investor).Example Scenario: I own two rentals in two different states (Rental A, 2-family and Rental B, 1-family) both as personal investment properties. 

Can an heir who is executor of estate refinance a deceased relative's mortgage into their name?

Looking for houses under $100K where I can rehab and then get a mortgage on it.I’ve heard of people doing this in the past.