I read about the 70% rule that says you should take your projected exit price net of your renovation expenses and multiply by 70% to get your optimal purchase price (in this case it would be $350k).I am modeling the project with $70k budget for general contractor and interior designer to update the kitchen and related appliances, new carpets, maybe some fresh paint (or whatever else the designer suggests like new ceiling fans, etc.), master bathroom, and some other minor items we are missing in initial projections. 

I currently work in digital media with a background in branding, marketing, web development, print, and broadcast. 

@Jonathan Twombly - Can you dig up the name / web site for NPS (I googled and could not find anything).

How long did anyone think blasting out yellow letters through snail mail is going to be the optimal lead generation methodology?  

Programmable locks, ones that can be done over the webs is a must have for remote management / check-in. 3.

I find good reviews over the web but I don't see to find any on BP. 

That would be optimal obviously.

I know that leveraging one property to buy another is a common discussion but I had a very specific question that I can't seem to find a clear answer to searching here and the web which is if you leverage one property (via cash out refi, term loan, or HELOC), if you can new count any/all of that debt as "acquisition debt" for purposes of deduction in Schedule E (presuming you're buying a rental).In my case, I've been approved for a HELOC on my current primary home which has lots of unused equity, and then use that HELOC towards closing costs on a new SFH purchase that I would take out a conventional conforming mortgage on, and had been planning to just deduct the interest on the HELOC as home equity.

Your need is exactly why we all need to be a member of at least one REIA, but optimally a few REIAs.  

You could optimize cash flow for a season, using these loans.