Short term hold < 3 years I would secure a line of credit. 

If you are securing the note on a loan you need to limit income contribution to those that are on the note. 

If appropriate, secure that against another property or the subject property (after close) with a second lien.  

I have since narrowed my sights onto what I think will be a great start for me.I look to purchase my first buy and hold in the next month or so and am more than excited to learn all I can along the way - the fact that it can provide an enormous amount of financial security for me and my family has helped in the way of motivation.

I believe that becoming a real estate investor will enable me to achieve my most ambitious life goals as well as obtain a secure retirement.I'm looking forward to talking with and learning from the active community members!

I am reviewing my HUD statement and last 9 months taxes, security deposit for both sides, and prorated rent is in 200 section and is being applied to the loan which I am taking.My questions.

I am buying two duplex's which are currently rented, what is the rule or law when dealing with security deposits? 

If material is supplied, make certain it is all secured and on site when needed.

Did you secure financing, payed with cash, partnership?

Until then, am excited to officially join the Bigger Pockets community!