I own 2 rental properties, the first one is paid in cash and the second one i have a mortgage on it which i pay 464 in total including tax and insurance, trying to see how much i would qualify using only my rental income while i look for a job once moving there in ilhaving a hard time qualify for a loan since they cant use my job income that i have here in cali, been told that I need to move there first and work at least 1 month and then apply or I need a job offer letter. 

He is a mentor of mine as well, and is not so interested in making money but rather he told me that he likes to see 7% in his passively invested accounts, so I offered and he accepted that I would pay him 8% APY On the principal that I borrowed. 

Goal is to pay $3k net against the mortgage after collecting rent.

If you have to pay property tax and insurance they are expenses.

Enrolling was quick and much more affordable than what were paying locally.

And not having to pay the Wealthability “ pay to play” up front fees.

The tenant may not pay their last months rent knowing its not worth your effort to evict with them already leaving.

Vacation homes you do really need to pay attention to the days rented as Yonah said.

I am hopeful I could under bid and get it at a good deal.I would like to put an offer in, but I don't have enough cash to pay the full amount at auction.

They still are required to deposit one month's rent to the court within 5 days and continue to pay rent to the court monthly.