I sure like the concept though.. and I bet its fun.Hey Jay, we handle it by being a subscription-based investment club.

To Jay's point, though, there wouldnt be an impact on your DTI based on your numbers. 75% of the gross rents can be used to offset the debt to $0 until the operating history is reported on a tax return, so if the rent is 65% higher than the mortgage, then the impact to DTI will be 0 until next year when 2025 tax returns are completed.You could try to find a DSCR program that allows you to become a partner of the entity after the property is bought and financed, but this will require significant trust in your partner and may or may not work from a financing perspective.

These will be LTRs and I will most definitely be playing the long game with these.In addition, as rates go down in the future (hopefully) I plan to refinance as most of us do.

My nephew when to Cornell and played football. 

Much of our back office is centralized / remote based, while our boots on the ground are local to the market / properties. 

As a result the property, based on capitalization rates, can now be sold for $450,000.  

As a senior baseball player looking to eventually play pro ball after this spring semester, I acquired a serious interest in doing real estate as another source of income.

A potential challenge with a HELOCs is they are based on the current appraised value of your home, not the improved value, so you would need to make sure you have enough accessible equity.

I would not try and play in the gray on this one - keeo your marketing out of those areas.

Keep track of those costs this year, they come into play in 2025 when it's in service.