Although, if you want to acquire more properties, you might consider banking the excess cash flow to use for the downpayment and make ready costs for your next rental property.

Jason Drewes good points on acquiring flood insurance even out of zones and didn't even think about hurricane insurance.

I want to acquire the 4 plex units and keep it as a buy and hold.

When it comes time to acquire another asset during financing do you use the business income and bank account to qualify or your own personal and if personal, do you constantly transfer a set amount from the businesses monthly income after debts are paid?

Back ground of issue below from SellerPertinent facts for analysis: My wife and I acquired the properties through a quit claim deed signed by N**********, manager of McGinty Land Co.

Some of those have never seen the properties first hand that we have helped them acquire.

An investor, from my basic knowledge, acquires a dollar 'value' for a penny.

If you don't feel comfortable going into this much debt, you could look at using $200,000 of the $300,000 and acquiring two $400,000 homes with $100,000 down on each, and still have the $100,000 left for "sleep well" funds.

I want to see if properties come close to their pro forma that I created when I acquired them.

This past year, I acquired another property and put in 15k-20k in updates, but this time, I used a contractor.