If so the first thing your daughter does is give them to a loan broker in house or otherwise to qualify them for free as to their capacity to qualify for purchasing a property.

I believe and feel that is time for me to pursue REI and make it successful so that I can have the freedom, options, and be able to pass all of this on two my two little girls.I have been in the financial industry side of Real Estate in a technical capacity for over 15 years but just now starting my path to investing.

There are more variables to consider such as the work and activities you perform outside of your capacity as partner, your time commitment to the partnership, as well as your partner's time commitment. 

My firm acts in broker capacity from time to time.  

I am assuming that the building may achieve 21% cap rate at full capacity so consider hiring a real esate agent to find occumpants and factor those costs in as well.to get an FHA loan you need at least 640 credit score in all 3 credit score agencies.

Are you the owner of the building and an agent or are you representing the landlord in a PM leasing capacity?

What is your capacity to cover negative cash flow?

if i had a signed lease/rental agreement with 6 verified deposits, would i be able to use that rental income or a portion of it in some capacity as qualifying income to offset DTI?!

Nonetheless, if you can get to a mediation, the Mortgagee will look for capacity to repay the debt.

I'm finishing up a project right now that I bought for $32.5K and will put around $85K into it.I generally would like to have those numbers flipped for a lower rehab (as that is less risky) so a deal is a deal as long as you have the capacity to do the big jobs.- Over rehabbing: You have to look at each deal and figure out what level of finishes you need to get your ARV.