Which is very complex and costly and likely warrants professional help.Now, if it's just you and your spouse, then your 2024 tax preparation is likely relatively straightforward:- you will create a Schedule C on your personal tax return- you will NOT report any costs of purchasing the property or its rehab, not in 2024- you will report your business overhead expenses such as marketing, driving, technology etc- you will end up with a business schedule showing zero income and some expenses - not breaking the rules but potentially raising an audit flagCan you do it yourself?

Once again, this matches my personal experience that the larger, more expensive properties continue to sell better than smaller properties. 

Even first-time flippers should be able to get these terms: Application/Credit Report/Upfront Fee: $0Appraisal Cost: $0Down payment: 10% of purchase price (= 90% LTV)Rehab funding: 100%Interest payments: Paid only on amount drawn (non-Dutch)Prepayment Penalty: $0Reserve Requirement: $0Max Funding: 80% ARVMax Funding 95% LTCClosing time: Measured in days, not weeksI hope this helps. 

Now, if you haven't yet, now is the time for you to go see the situation in person.  

Quite the opposite - I invest my personal money as just one more member, in each investment we end up doing as a club. 

Large deposits are nice, but very difficult to actually get access to escrow funds in the event of default.

Personally, I wouldn't offer SubTo or a Wrap, For reasons I've written about fairly extensively. https://www.biggerpockets.com/forums/70/topics/1227199-the-m...However, I would sell on "Lease Option" and that may work for you.

Hi Duarte,What makes DSCR loan fascinating is that it does not verify personal income.

This is so I know if I should keep the person I currently have.

Spreadsheet sounds like my own personal hell.