As someone who deals and talks to real Private Lenders (small shops run by a guy who lends his own capital and doesn't use big box), they have a hard and fast business model that produces the rate of return they need to remain profitable and curb the risk on their cash.So the best product for a budding fix and flip investor is the bridge loan which includes acquisition money and construction money. 

The cost to do this just comes out of the total profit margin. 

It makes rapidly growing affordable housing possible by making it profitable.

Being that my business is brand new, do I project business profit when they ask for the annual business income? 

With this structure, lenders can offer more favorable terms, including lower interest rates, making your investments more profitable in the long run.

Because of the balance sheet is off you can certainly bet that something is wrong with the profit loss statement. 

(I am a silent investor, the developer is doing all the heavy lifting, and we split profits at the end)

I found a killer deal, put 1k down as EMD and then wholesaled it for a nice profit. 

Fortunately, my attorney had previously filed and successfully pursued lawsuits for frivolous actions and once these attorneys became cognizant that we would file such against THEM personally they withdrew the suits against myself. 

Even if your GC is decent was able to get your job done in 100 days, if it doesn't resemble the comps in quality then your 300k exit is now 270k and with all the exit costs and holding costs your 40k expect profit is now under 10k.