It's honestly insane how you people call yourselves investors yet your never prepared for hardships or things that come up.

Spoke with multiple credit unions and they mentioned a rental property needs to show at least two years of rental income in order for that income to be counted into the DTI ratio. 

Here's a good breakdown of your options for tax collecting starting Feb 1 based on the new regulations.

My buddy just got burned by someone borrowing from multiple people where the others weren't aware of each other and they thought they were the only one lending, etc.It all comes down to how well you REALLY know each person in the deal, and then, "do you REALLY know them?"  

Secondly, I think by posting on here you are taking steps in the right direction!

Once I got into the property, the real work began.

See who represents owners frequently in your jurisdiction and get set up with them.

This strategy requires strict compliance with IRS rules and may not be practical for all situations.This post does not create a CPA-Client relationship.

There are a lot of things that can come up on a flip so easing your way into things and working your way up to larger rehab budgets, etc is recommend.

At the end of the day, it comes down to what aligns best with your financial goals.