I generated the lead, and the JV partner closed on this mobile home.

Great cash flow on this one!

Often the unit looks terrible when you’re showing it and is a waste of time.Most owners expect a property manager to work 24 seven but are only willing to pay them six cents to ten cents on the dollar.

I hope the transparency is helpful to investors.Note: I have received an "Online Defamation" letter from the Blake Capital Group.   

Quote from @Charles Evans: For a house hack, on questions for homeowners insurance like "how many people are living in the household," etc... do I need to answer with just my unit, or do I need to list them as well?

Hey Josh,First off, congrats on starting your LLC!

@David Weitzel great deal, and welcome to the forumns, I love the idea of doing a flip on my own street, seems easier to keep things under wraps but perhaps you still had contractor issues it sounds like?

I was very skeptical and cautious because I was relying on these business lines of credit to make this deal possible. 

Back to the DTI, if you want a quick down and dirty way to do it, start with the bottom line 24 on the 2024 return, then add back in Depreciation (line 18), and possibly interest expense (lines 12 and 13) IF it's also counted against your debt in the liabilities section of the application.

Choosing the right lender for a HELOC (Home Equity Line of Credit) can make a huge difference depending on your goals.