You also need to calculate insurance for fire, vandalism, liability, hurricane etc which will be a higher than a single family residence.

Buy properties in life that make good rental property investment sense and first live in them as a personal residence. 

I finaly have investors in my corner rooting me on, answering questions, showing me that it can be done.In the next six months i plan on buying my first primary residence.

California is famous for going after out of state landlords and a few other states are doing the same as they try to replenish their coffers after the economic downturn of the last several years.If you do have rental profits, almost every state will require you to file a return and pay taxes as a non-resident.  

I have included in my leases that all Residents are required to pay for the cost of unclogging a toilet/sink/bathtub if it was their fault.  

Number of properties - I only have one which is my primary residence.

I'm Isaac: Louisiana native, Georgia resident. 

Originally posted by @James Wise:And the answer is..............C. 33% Including or not including their primary residence?

First, I wAnt to let you know that I am an immigrant here in Canada for almost 7 yrs and still working on my permanent residence.

A traditional mortgage loan officer will be dealing mostly with people buying a primary residence, who want a traditional mortgage.Not all lenders will use the term "portfolio lender", I just tell them I am a real estate investor, I own 9 properties (or whatever it is at the time) and I am looking to refinance a property I already own that I have rehabbed.