If not, there's programs available that base it off just the rental income, as long as the monthly rent is at least equal to the PITI.

We drew up another agreement that included 37k as the subject to/HELOC balance and 63k as the remaining owner financed amount, equaling $100,000.More comfortable with the terms, I pitched my brother the deal at an Airbnb on his birthday weekend.

If they are VERY professional, they will have their processes in writing as verification that it is enforced equally and fairly by their entire staff.6.

YUP i owned two homes in Palo Alto and one in Milpitas.. had i just kept those at what i paid for them..  80k  180k and 500k in the 80s.. man and they would have cashed flow equal to owning 100 plus doors if not more.other thing i would have done is bought more land to hold in the path of progress like the property i bought in Rohnert park. 

Being able to talk through issues with fellow professionals is vital as well.

Having the right handyman, electrician, plumber, and carpenter on speed dial is vital, which can help limit your need to be physically located near the investment property. 

So,  if you spend 1.9mm (assume tax appraised equal purchase price) then you're property taxes are going to be about 47.5k/yr or ~4k month. 

Literally every single house I've offered on in the last 6 months has gone into a multiple offers situation within 48 hours of being on market.Finding a competent and reliable contractor to do a "BRRR" is going to be equally tough due to the market being so hot.  

MLS listed properties are not what you want to pursue....1) the agent will require a PIF in the contract buyer (you) name2) the property has already been exposed to hundreds of potential buyers and has not sold at/near that price...equals no bargain for your buyers. 3) buyers usually dump wholesalers bringing them mls properties. 

You don't technically have to replace debt as long as you have the cash to equal your net sale.