Higher assets or cash in the bank increases what is called you compensating factors which banks/lenders use to qualify.

Rehab costs, taxes, and interest during this phase increase the depreciable basis, providing long-term tax benefits.

My estimation was with leverage I could do about 7 homes a year and each year after it would increase. 

Do you need to increase rents in the next year to cover your costs?

Greatly increased lending capital by transitioning from a ‘blind pool” fund to a series LLC / syndication model where investors know the property lending deal before committing to any loan and can “pick and choose” whichever loans they do or do not want to participate in.  

Then the remaining profits get distributed at whatever split you both agree to...I often see it start at 25/75 (75 to the person in your position) and then maybe increase it to 40/60 or 50/50.It would really help if you could provide some numbers on your deal. 

Slight Update: After speaking with more BP members, I’m increasingly leaning toward making my first purchase in New York—a 4-unit rental property where I’d be my own landlord.

I think for the 2 other attractions nearby, a lot of people I'm assuming aren't needing lodging for the museum and or park.

There are a couple REIAs in the Tri-State area, but none of them are backed by the power of BP and the incredible people that it tends to attract.

Staging your house well can help you attract more attention from buyers, which ultimately helps it sell faster and maybe for a higher price than an unstaged home (see visual):What Are My Staging Options?