The issue is, I'm not sure if my income will be enough to cover 2x the monthly mortgage payment that most loans require.

Also, are you doing separate loans, or one loan covering both properties?

I have a buddy that has been doing flips for a few years and he now has investors approach him asking to get in on his flips so he lets them cover the down payment/entry fee's for 30% return on their money.

This has to cover your debt payments also.3.  

He had this ambitious flip lined up and decided to tap into a 0% business card deal to cover the rehab costs.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Early on, rents would remain market-aligned to ensure the portfolio generates the income needed to cover expenses, pay investors, and reinvest in expansion.

3. what type of deposit / reserves can you provide in case the monthly rents you receive do not cover the rent you pay me?

Has anyone found a property manager in south Florida (that covers Fort Lauderdale) that they really like? 

It was a 1970s property, and when the plumbing needed an overhaul, I found myself scrambling to cover the costs.