Unfortunately he doesn't get back with us very quickly (I mean several weeks of me calling and leaving messages to finally get an answer)  So we are in search for another attorney who understands wholesaling and assignments and can get back with us in a timely manner.  

Let me explain that.The DSCR is a loan officer's metric for the MFU to sustain itself with rents.

Holding it for investment purposes in an S-Corp is what triggers what I mentioned before.If you're flipping in an S-Corp and you have a property that you want to then keep, it's best to transfer it off to another entity in some manner, whether that's a sale or a transfer or whatever.

He is a good people person, super honest, and an excellent all around handyman that can fix almost everything in a professional manner!

They have an e-mail line for just such questions and provide a list of all of the referred folks for all manner of tasks provided by the various investors.

I have recently gotten my real estate license and am actually currently looking for brokerages to interview with.My long term goals are to buy and hold several rental properties, and create a sustainable amount of cashflow from them.

I don't know understand how Austin can sustain it's multi percent appreciation rate. 

Reason this seems important is that it would help determine strategy of a larger vs. smaller downpayment to increase cash flow or increase leverage. 2nd Question) I've read about "special allocation" of taxes that allows for the tax gains/losses to be distributed in a manner that is not equal to the ownership stake.

My goal is to eventually not need w2 income to sustain my way of life.

I definitely understand and can appreciate the ethical issues some of you have mentioned regarding submitting an offer in bad faith, and would not like to begin an investing career in that manner.