There are lots of no income verification options out there to eliminate the debt ratio problem, but you'll need at least 25% down.As an aside, that's a lot of leverage. 

This is an issue because I was looking to setup a LP with myself as general partner and him as a limited partner and keep his name off the title, thus eliminating his liability, but this is preventing me from doing so. 

Eliminate the mother entirely from the scenario.

It also eliminates property transfer taxes in some states.

You can build something that eliminates the need to hire right away, but you have to build out the workflows the way you want them.Message me anytime if you have questions on it.

If you can not succeed at that you may not be cut out for investing.Learning to save and eliminate bad debt is the best training in preparation to succeed and extremely difficult to do without cash.

If you got a good enough deal even if there are other liens it may be worth paying them off to eliminate problems when you do go to sell/refi.

If one has a software system that eliminates human error, great. 

@Kevin Fox the city council is voting Monday to eliminate Development and Impact fees, which will make this 8-20K cheaper to permit.

Half of it is eliminated?