@Christopher Mooney- HELOCS are relatively  generic  from one lender to another ...check terms ...margin...indexes ..maximum ltv and cltv  allowed ...interest only payment  terms ...overall terms ....prepayment  options .   

I am a health care worker, I have little to no knowledge in real estate, I am here to learn.

I cover water, wifi, and even have a cleaner come by once a month to prevent any problems with cleanliness. 

Adding keywords related to your investment strategy or market locations can be updated in your settings.

@Adrian Thomas- regarding the co signed loan...if your relative has  made  the past  12 months  of payments on this loan and you can  furnush  proof of this - many lenders  will allow you to  remove this  debt from  qualifying ratios 

Adding keywords related to your investment strategy or market locations can be updated in your settings.

Comparing your property taxes to others, and checking that the insurance covers the increased value, or replacement value, are just as important as keeping current with comparable rents.

Fees often cover a range of services, including tenant screening, rent collection, property maintenance, and financial reporting.

Get a CPA to show the tax benefit, insurance policy paid in advance for a year, a servicer who handles the 1099 and you cover it, your perfect credit history...

Can the rent cover your loan and other payments?