Great Information Mike thanks.

That said, this actually works fairly nicely in some ways. 

This will be dependent on the bank.

Are there general rules that apply about this, or is this a lawyer question?

ARV is a huge part of this equation.

Hello,I am new to this whole landlording world and am looking for an answer to an idea I had.

Would love some guidance on this!

I'm located in Central NJ (Monmouth County) and own a property management company (PMI Inspired) that would be able to help you with your goals of investing this year. 

My father even brought me along to ask for private money lending at peoples homes. 005 bought my first home in Louisiana, turned into a rental and moved to Fort Worth Texas and bought my first brand new duplex in 2008.Educated myself and bought real estate investment courses and settled on Armando Montelongo‘s flip this house completed that course and bought my first 2 fix and flip in 2009 sold one in 2009I did not farewell during the housing market crash, simultaneously lost my job due to the Event Horizon oilfield disaster.My lovely wife and I now purchase real estate in San Jose Del Cabo Mexico with our cash and build with our money as well.

this is a strange (morbid) subject.