This combination of wild ambition and thinking they’re “special” is a recipe for unhappiness http://finance.yahoo.com/blogs/daily-ticker/why-millennials-never-happy-150420899.html

Combine this with the higher cost of PM and its more profitable to just lease the same unit for $700.

Well before everybody was preaching Austin's virtues, I saw hammers firsthand swinging throughout downtown and close-in Austin and I began running numbers to see what kind of return could be had by combining low interest rates, high demand, and a market being driven by diverse levers at both the local and state level.Some of the questions I researched were:What areas of town and price points were most effected by the downturn?

However, your equity is trapped in your relinquished properties so structuring a Reverse 1031 Exchange may pose liquidity challenges.You can even start with a Forward 1031 Exchange and then merge/combine into a Reverse 1031 Exchange if you must acquire your replacement property before all three (3) of your relinquished properties.

JON ,sorry i wasn't clear at all ,I have the two people in place that want the houses and that i want to have them.I was kind of forced into retirement last year so wasn't anticipating not being able to show the income needed to do this .But i also thought that having a combined 150,000 Equity that borrowing 65,000 would not be a problem.But the bank loan officer told me that even if both properties were free and clear it would be hard to get a loan just showing 24k per year income.

Yes, I think there are strict rules requiring how you bill a tenant for utilities if they are combined, but that may just be for charging more than the utility company charges as then he'd be violating utility use taxes, etc.

When combined with online banking you can see next day that deposit is made and there is no need to actually keep physical copy of checks.

Like the title says, myself and 4 others are combining money to purchase a house and rehab with straight cash.

The formulas are based on number of tenants or square footage or a combination.

Would it be best to open multiple HELOC accounts, use cash from the bank, or a combination of cash/HELOC/mortgage?