Remember the old rolodexes.

If I remember right they plan to build 2. 

Because on average, we can only remember three things at a time.

You'll save on realtor's fees.One thing to remember is unless you are flipping, selling a rental and buying a new one frequently is going to lose you money. 

Also remember not all properties cash flow immediately so be prepared.

Just remember, get insured as much as possible, and if not more.

Just remember such a verbal conversation is for your guidance only. 

@Gordon Middleton  Remember, if the intent is merely to create separation for liability purposes, you are creating the clearest alter ego case imaginable.

Remember that if you deny (or don't choose them) based on the credit report findings, you are obligated to fill out a form notifying them. 

Here are the numbers, so you can see what I mean.The numbers are the following: 359,900.00 sales price (purchased Dec 2015) 89,975.00 down payment (25%) 10,000.00 closing cost (estimate - I don’t remember the exact figure) 7,000.00 required rehab (estimate - I don’t remember the exact figure) 106,975.00 Cash invested 3,900.00 Rental Income (actual figures) 150.00 Parking Income (actual figures) 4,050.00 Total Inflows (400.00) Utilities (250.00) repair budget (not an actual outflow, yet) (2,200.00) Mortgage (Includes insurance, taxes, and P&I) 1,200.00 Operating Inflows 14,400.00 Yearly inflow 13.46% ROI If I were to use the 50% rule I would have discarded the property.