Thinking of applying for HELO or Refinancing my personal home to get down payment for Rental Property.

Can I personally message someone.

After you own the house, you can start working on a mortgage to refi the loan that the sellers gave you and they'd be paid in full by the bank when you close on THAT loan. 

I previously owned rental apartments and houses in downtown and have done fix-n-flips there as well.

So, I am back where I started and have a W2 again (in my own biz) and we have a small team managing the rentals, I only get involved with buying and with bigger construction issues. 

Usually, they are older, rehabbed homes, which isn't too bad if the right person does the work.

We personally won't look at a deal where we don't think we won't make at least $50,000 after all expenses and closing... and truthfully we are usually wanting closer to $100,000 or more.  

On the other hand, single-family rentals (SFRs) tend to attract tenants who treat the property like their own, handling minor fixes themselves and bothering you less.Keep in mind that each market is different.

Those prices range from $800k-$1.5M depending on the specifics but the income increase is as much and the cost to own is slightly lower because insurance, maintenance, and utility costs do not go up linearly on these making a bigger margin for you.  

Hi All,  is it legal for landlords to specify that the lease is for one person only?