We don't allow any "deal-making" in the forums, which includes advertising your services or properties, looking for partners, etc.

You would work with other lenders and do a participation agreement, but many of them will require you to put in 20-40% of the money, have a net worth of 2x what they are including as they will want you to buy back the loan if it goes into default.3.

Last, you can do an unlimited amount of repairs to a home using a 203k renovation loan (up to the FHA loan limit), including knocking down the house and building a new home!

Move on and try to screen better next time.

Their previous lease includes a portion of storage in the basement with laundry access(also in basement).Current set up: tenant occupies floor #2 with separate access to the basement for their laundry and storage.Future plan: reno basement and remove storage/laundry access for tenant.

You might be referring to income / expenses that are reflected by cash.Cash you receive from rentsExpenses that you pay out such as insurance, interest, taxes, etc.You may not have included depreciation expense which would bring your taxable income down further.It may be possible that the negative taxable income would bring your taxable income down.

Do you have the Capacity/Ability to close, do you have the Character/Credit to close (including relevant experience), and do you have the liquidity to properly provide enough collateral (are you injecting enough into the deal).

I have been living OOS for 10+ years doing Sec 8,,, Love it. 15% ++ NET caps based on cash purchase Buy right, reno right, rent/screen right, 

You will truly be raising the clock, as each day will cost you very significant money.  12% interest on $250k is $2500/mo, or about $80 per day in interest, not including your other carrying costs (utilities, property taxes, insurance, HOA). 

Do you want to get into what can be a years long battle with multiple parties, including our darling city council, until you get to move into your home the way you want it?