taxes, insurance, utilities, wages, maintenance, grounds keeping, snow removal, any other common areas, laundries, playground, club house.What are the current owner's income/  Tax returns would be nice to see. 

If I were you, I'd find a realtor that you want to work with, establish a relationship with them, and use them on your MLS deals, and as such, you can call on them to show you houses because they know they'll make the commission if you decide to buy.

I'm building an investor list and establishing my team as we speak....err...write....errr...read?

It looks like they're too high for the average person to reach and really utilize.

Utilizing life insurance to "buy out" other side of family.

Blake,I don't know how the laws are in Pennsylvania but in Florida you can establish and LLC and then register with the IRS as an S-Corp for tax purposes only.

Another hurdle that I am running into is the lack of capital, raising a family in NYC is not cheap.Current Position and ExperienceI am an accountant who works for a major utility company in New York preparing Financial Statements that are filed with the SEC.  

And just look at the reply immediately above yours, which repeats the same nonsense.I guarantee no more than three calls to established brokerages are required to list a house in any condition.

My plan is to utilize $18k from my HELOC and just $7k cash.  

Now the renter would be screened against those criteria and be "PRE-APPROVED", I am curious what pre-approved means, does it mean the landlords are obligated to accept the applicant if the applicant passes the established screening criteria?