Hi Chris,Yes, after you purchase the property you could take out a HELOC however the bank may not offer that to you right away, you would want to check with whichever bank you would be applying for the HELOC through.

There is NO credit applied to the purchase price for improvements oradditions to the property.

-Cap Ex and Ops (I always budget at least $150 per month per roof)I'll go with $100 based off your 150 rule, and apply it to each of the 3 units. so $3600/year on maintenance.

You will have to register your LLC in AZ in order to do business there, and AZ laws will be applied to any disputes there. 

See what kind of tenants apply.

And furthermore, how will future financing be carried out, will I - personally - always be the one applying for the loans/financing?

So, being a newbie, it is my understanding that 50% rule simply states that 50% goes to costs of property and then 50% going to debt service (and the remaining from debt service is your cash flow).My questions is simple, does this apply to condominium units or just SFH?

There is NO credit applied to the purchase price for improvements oradditions to the property.

Could you purchase the property, wait the 4 years (time in florida, not sure about time period for other states) and then apply for a clear title?

Should I continue to apply that to this multi-unit building?