literally zero debt and the only negative items on it are some late payments to a CC (just didnt have autopayment on, it's like $23 dings here and there). 

It's also not rented yet so there is no income to DSCR, the tenant would need to be in place or at least moving in prior to closing.That doesn't mean you couldn't get a negative DSCR loan or bridge option, there are many options.

One of those provides direction, the other manages every aspect of the business to include who sweeps and mops and what paper to order for the cash registers. 

Thank you.What aspect of syndication are you looking to learn more about?

@Dylan Speer sell it, come up with the negative money balance, write the loss of on your taxes and move on with your life.You can sell it "subject to" to someone looking for a home with no money down and save on Agent commissions?

Betting on appreciation for the recapture of initial funds in this market with a refi may put you negative cash flow.

I’ve done a lot of research and needed that confirmation to make sure what I was finding is true, as there is a lot to think about especially when you add the traveling aspect of it!

That seems more than just a RE investment: To me, the casino aspect of the investment would require specialized expertise (knowledge and individuals in place to make sure the business is a success) that seems to be a greater risk than the RE side of the deal.

Financially this deal makes sense; however, I am concerned with the safety aspect… I must live there for a year since I am looking for an FHA loan.There are areas close by that i know can have criminal activity but I am uncertain about this specific area (1-2 mile radius).

For conventional financing, it depends how you are reporting your rentals on your tax returns, to determine how the income/expenses are netting in a positive or negative manner.