Buy and hold business structure

[Gregory Schwartz]

Ladies and gentlemen of BP,

I am planning out the structure of my fledgling investment business. Any and all feedback is welcome. Thank you in advance…

Strategy: Buy and hold with enough equity in each deal to flip as an alternate exit strategy.

Business: LLC with joint ownership between me and my father

Single business checking account for now for all expenses and income. In the future I would like to create an account for collecting rent, one for acquisitions, and one for expenses (maintenance, capex, vacancy)

Game plan: Purchase the homes with personal financing, then quit claim the property to the LLC. Our 5 year goal is 7-10 properties buy and hold with the occasional flip.

Questions:

When I apply for financing they want my checking account information, will I be able to provide the LLC checking account as proof of funds even though I'm applying for a personal mortgage?

Once the mortgage is being paid off by the LLC does it still count against my debt to income ratio?

Any other business plan / strategy that will better suite my situation?

Thanks again!