Very dangerous when used poorly, but extremely useful when used properly.

It might be a bit lower after your reno, but over time it all equals out.I bet you can find a better rate.

@Moses Lin your best bet is to speak with the lender(s) specifically, but in most circumstances, you will need landlord experience in order to count the income towards your purchasing power.

If you decide to look in the south phoenix area anywhere from 24 st to central ave on baseline or southern are pretty good bets as far as upcoming areas.

You bet!

Not sure what follow on steps after buying the house are.Background:I am paying 2k/month in rent for a apartment, I recently read rich dad poor dad, think and grow rich, The beginners guide to investing, the richest man in Babylon, and moving into The Millionaire Fastlane.

With your massive work ethic, I bet you can find creative ways to be of value to those more experienced investors, and that can turn into money or social capital. 

That’s probably your best bet, avoiding a direct conversation with a lawyer about the issue and just motivating the client.

I have been interested in Real Estate since reading Rich Dad Poor Dad in roughly 2000.  

And I knew I was getting free property management (albeit poor property management).