Sometimes they forget to tell you that many tenants in Detroit don't pay (depending on the property manager skill and the type of tenant) - but taxes are very high in the city and so is insurance. 

When that portion was complete, I could then receive draw money which allowed me to pay my utilities, taxes, and mortgages.

Most people do not know this is a legitimate way to fund your real estate deals and do it in a tax advantaged way.

If you would like to show your tax returns or w2s then I can put you in a conventional loan because we are a conventional lender also.

Note - if you live in your property for 2 years out of the last 5, then you don’t pay taxes on the profit. 

Also Seller hasn’t paid property taxes in 2 years which is a sign the property is in distress.

Whether you're looking for short-term rentals, long-term rentals, or fix-and-flips, Florida has something to offer.Favorable Tax Environment: Florida boasts no state income tax, making it an attractive option for investors looking to maximize their returns.Year-Round Appeal: Unlike seasonal markets, Florida offers consistent rental demand year-round.

That alone can kill a deal due to over the Max DTI limit.A cash out refinance is tax free and its an immediate liquid reserve so it can be used as an Asset or PITI reserves.

Don’t forget to pay your state of OH income tax, even on the formerly tax free money you are transferring out of NV in to a state with income tax. :-). 

What about the utilities, property taxes, maintenance and repairs, capex, etc. are any of those optional for you?