@Michael Dunn Yes this is a  expense for you and will count in your DTI.

 Not to beat a dead horse but I’ve had some replies to my former discussion, which indicates to me that in my quest to find my first flip property, not counting the last two houses over the last 4 1/2 years that I have successfully turned over for a profit using 2 30-year conventional loans, I can actually purchase a property using my S Corp.The only problem is,  I would need to live in the property that I am fixing up, as I currently do not have a permanent home-base.

Millage will count too!

Your cash flow and cash-on-cash numbers yield a cash basis of around $5000; $531 is the monthly payment for $99,000 at %5 for 30 years; so I assume you were only counting closing costs as your cash out of pocket.

I've got a SFH in Round Rock and a duplex in Elgin, but I don't think that really counts.

I literally counted 4 errors in the two sentences above. 

Also count me in for the next after-party at Union and Finch!

The section 8 unit is advertised as a 2 bedroom but one doesn't have any window or closet so I don't even know if it counts... maybe like a walk-thru bedroom that's been closed...

Great job 809 credit score. 12 hits on criminal record the worst being battery with intent to cause physical harm (3 counts total) and Burglary of a Dwelling.

Not counting late fees, they owe $4k in rent from May-July.