I had planned on purchasing another invest prop soon, but don't know if I will be able to now if I am not allowed to show that the payment for my rental not only is covered by my tenant, but I have a positive cash flow.This seems like a big problem for beginning investors, as most of us don't have the money to pay cash for properties.

I'm making 12-16% on them and I DON'T NEED the cash I could gain from selling them, so don't bother posting back about how you can cash me out.Pay $50 or so to your local junior college and take a finance course that covers government and corporate bonds.all cash

Hello Daniel,The reason that the HML ask for 20K per 100K is because there are upfront fees and points that need to be covered.

Depends on the size of the house, how much of it you're covering, quality of the material and your labor costs.

I suppose the obvious goal would be to try and cover our monthly mortgage payment, and then some, but it's a pretty hefty monthly nut, and I don't know how easy it's going to be to cover it.

Does anyone offer a general policy to cover me no matter where my property resides?

Should I budget money aside just incase of these things, is there an insurance out there for landlords that cover these things?

You need this information to run your investment numbers, to make sure the rental returns cover the expenses.If you do not want to be a landlord, you can hire a property management company to do this for you.

I screen all new tenants vigorously through a screening co.

I am purchasing a fire/dwelling insurance policy to cover myself incase of loss.