If I go with the 5900 policy I will be operating at a loss and I will be forced to sell the house. 

If you are using a PM they will take care of all of this for you. 

This will help you meet lots of different people in the industry who might help you along your journey or at least share their own experiences that you can also learn from. 

Assuming the property is appraised at $650,000.00 I am hoping the equity will get my LVT to 75% eliminating the PMI, adding to the potential cash flow when I go to rent and then putting that cash flow + personal savings away to raise capital to buy another piece of property.I realize that in order to buy my next piece of property I will want to put down 20% to avoid PMI and a high mortgage but saving 20% for a piece of property in my area is going to take some time due to the high price ranges $500,000-$700,000.

My Mentors & a few of the lessons taught:- Age 0-13: My Father - Integrity, Faith, How to Love & **How to Play Spades**- Age 13-17: Coach Jones - Commitment & Grit- Age 17-20: Coach Larkins - The Value in Reading & How to Think Bigger- Age 21-24: Sean Myers - Never Stop LearningHow important has mentorship been for you?

Will look further into Buildium.

First, if interest rates do come down in a few years, then so will the rate on the heloc.  

As that will at least help folks that you reach out to know that you are a real person, with a picture and professional bio.

The rental rate they are currently getting doesn’t sound like it will cover upkeep and turnover.

.- Business Setup: I’m setting up a new LLC specifically for this venture, which means the LLC will have no prior credit history or track record.- Investment Location: I plan to invest remotely in Birmingham, AL.