Exiting means you are literally not involved with the asset or a derivative of the asset any further.  

I'd like to know, if you don't mind what that $853/yr for insurance is derived from?  

As a rule of thumb, you should expect to spend 50% of your gross income in operating expenses, so the fact that the owner is basing asking price on an NOI derived from only a 29% expense percentage is extremely suspect.

I derived this number with a cap expense sheet that I bound on BP and replacing the numbers with my expected costs (higher than elsewhere) and my experienced life span (My experienced life range varied significantly from other projections: for example sliding aluminum windows I experienced a shorter life than the work sheet, similar for HVACs. 

See the following guidelines: Oh and by the way, you are not pledging these assets as collateral, you are merely using them to derive income that is countable per the conventional guidelines. 

Wow... lots of ways - Hard money, private lender, VA loan, USDA loan, fix and flip loan - lots of lenders out there that offer 100% purchase and 100% rehab, others have derivations of that.

As the employee, you can contribute up to the $19K limit and do so with the first $19K of after payroll tax income you derive from your business. 

While a +\- 8% pref is more of the industry standard the number should also be derived from the details of the deal.

You can use 12-24 months personal or business bank statements to derive your income.

Hey @Jordan Futch, you should be more concerned about the derived ARV estimate you've, as there is a pretty large disparity.