@Christine House This can be the downside with investing in properties that have a HOA (sometimes they have a max capacity of how many rentals can be within the HOA, what type of rental they can be, or they can cut off rentals all together at anytime)If you have family that lives in the area, that could be a better option temporarily until you move it on into something else that can work for what you're tying to do.

new to this and just looking for some advice guess i really i don't no where to start so any advice is appreciated bought my first house in may and thing seem to be going well so far its more of a boarding house / house hacking roommate situation with people i know for the moment plan on doing some things to up the equity but am limited on funds i know the neighbors house just sold for a bit more then i paid for mine so that's a plus and mine is nicer and in better shape i have almost no debt for the most part except the current mortgage on said house don't make much from my day job less then 3k a month after taxes and have good credit. i guess i just really need to know where to start should i be starting a LLC or something similar?

Just be sure to clarify the fee arrangement upfront to avoid misunderstandings.If you need help evaluating the deal or financing options, let me know!

This money will be used to pay down some debt I have and also purchase 1-2 additional rental properties.  

If so, do you have any advice on this particular situation with regards to insurance coverage?

At this time we aren’t pulling funds from that home.

My question is how would I present this for financing? 

I'm an investor, broker, wholesaler, etc. in NYC & LI and I'm happy to help. 

They have to sweep, mop etc.We charge $100 pet fee and that covers up to2 dogs.We use this for small breakage or losses. 

This would be awesome if you go through with this.