If the taxes are killing your cash flow, you'll need to either negotiate a lower purchase price to offset the tax burden or budget for some property improvements that could increase rental income and help balance things out.

  - US Treasuries, with each passing year, are "less safe", putting upward pressure on yields: Regardless of the election outcome, neither party is about to solve the budget deficit.

Our budget is <$250K for a T2.

You said "don't do it for the money," but I'm sure money calculations were part of convincing you this would be a reasonable way to spend your time and money.

But here is where your confusion is: I state, pretty clearly I think, that doing SubTos when you are underfunded is very, very foolish.Subject To – Why You Need Money To Buy Using "Subject To" (SubTo) - Safely, Legallyhttps://www.biggerpockets.com/forums/311/topics/1141313-subj...Using Subject To, to Get "Free" Properties - A Quick Guidelinehttps://www.biggerpockets.com/forums/311/topics/1060320-usin...SubTo - Before You Spend A Lot of Money on Subject To - Read This - Wisdom at Workhttps://www.biggerpockets.com/forums/50/topics/1141525-subto...Of course, I teach Subject To & Lease Options to people "One on One", to keep people out of trouble.

We see a lot of success in the suburbs:Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

He felt spending more time disputing the rejection was not cost effective and i see his point but suspect airbnb recognizes this and uses it to their advantage.  

If you have a budget and allocate the costs, not sure why you would need a different bank account for each?

If borrower has a $100K rehab budget but the lender has $50K draw minimums, borrower will require more cash to advance project than a loan that has lower or no minimum draw releases. 

My other recommendation is once you decide in a budget and a couple criteria get a really good realtor.