With 2 mortgages and other expenses, how does one get another mortgage?  

If you qualify as a real estate professional and have enough long term buy and holds, your expenses and depreciation would likely show you having “zero” taxable income.If you own one 300k apartment building or house that’s a lot of depreciation, unless they’ve changed this part of the code to.No tax advice given

. - it’s wood Construction and the current owners seem to have had issues with termites, as they’ve fumigated, which includes tenting and removing tenants - expensive procedure that could significantly impact cash flow.The agent I worked with to get this info is excellent and has worked with investors before - pm me if you want her contact.Good luck!

I like HELOCs because you can pay extra but then draw that money back out as needed.If you do decide to keep the HELOC make sure you deduct it as a business expense in 2017 and not an itemized deduction for your personal residence.

The only legitimate expense we can payupfront, that I could think of, is for the Appraisal - a few hundred bucks possible.

I live in the bay area and i want to start my first investment, however looking at the current bay area market, everything is so expensive and unaffordable.

I had been a published author for all of four years, and in two of those years my expenses were greater than my income.

Learning they say comes with making mistakes, some of them expensive ones such as this one from the point of view of money paid to structural engineer to inspect the property. 

If you already own investment properties, you have to show reserves for those, too.If you're going to own a rental, it is essential that you have cash on hand for big expenses that have a way of popping up.  

Newer parks that contain more expensive mobile homes are better, but my guess is the older run-down parks are more profitable for an investor.