Also, keep in mind if HELOC Is used to purchase an investment property the interest is tax deductible!

I joined BP and listened to my first webinar, which motivated me enough to make me realize that this was my passion, in March of last year.

Would you mind expanding on this a bit?

My reaction is that this is a bad idea.First, you are becoming a business partner with someone who does not appear to be in a rational state of mind. 

Keep in mind that if they don't provide trailing bank statements, there is a chance that the current owner put non-qualified renters in at higher than normal rents on month-to-month leases to make the numbers appear better...

one thing to keep in mind, if you bid on the property during first look period, you can not rent it out for a period of time (I believe one year).

You need to be mindful of the articles as well, and tailor them to you and your business partner(s) - for example, what if your partner wants to sell some of his "shares" to a third party? 

there are other avenues or you could obtain rental portfolios without even seeing the property never mind dealing with the tenants.However, what I can’t tell you is that I started making money since day one with my first property and now all four!

Keep in mind if one entity owns more than 10% of units the condo is no longer Fannie approved and buyers and sellers will have a more difficult time trading there which could hurt sales prices somewhat.

indicates that the area is experiencing substantial economic and growth.Wondering if there any BPer's out there that are currently investing in Lehigh Valley that would mind sharing some of there successes (and failures) with me!