This has to cover your debt payments also.3.  

He had this ambitious flip lined up and decided to tap into a 0% business card deal to cover the rehab costs.

Has anyone found a property manager in south Florida (that covers Fort Lauderdale) that they really like? 

So what if the heloc amount is enough to cover 20% down on investment property and cover renovations.

One important detail is that my brother currently lives with us, and we are open to having him stay with us if we do make a purchase as a renter to help cover our mortgage.I see our main options as the following:1) Buying an SFDU to live in, and "house hack" with my brother continuing to live with us and pay rent2) House hacking with MFDU.

It was a 1970s property, and when the plumbing needed an overhaul, I found myself scrambling to cover the costs.

Since I am having my prospective tenants cover the cost I would prefer to have the lowest cost option that gives you the most bang for your buck, but at the same time I want to be sure that what I am paying for is reliable.

Early on, rents would remain market-aligned to ensure the portfolio generates the income needed to cover expenses, pay investors, and reinvest in expansion.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

3. what type of deposit / reserves can you provide in case the monthly rents you receive do not cover the rent you pay me?