I sent you a PM with some templates, you can disregard, I am assuming you don't need this anymore. 

The way I normally see this setup is as a Single Member (you) LLC, disregarded entity filing Schedule E (attachment to your Married Filing Jointly 1040). 

Repeat post but can’t delete this so please disregard 

However, there is a program that can disregard DTI and the 10y ARM rate is at 6.75, much better than DSCR. 

@Mija Aguilera Disregarding the JV verses solo question….there is no money to be made here.  

As a single-member LLC- does this make any difference when they are going to be "disregarded entities" anyway?

A change of taxpayer (if you're not using a disregarded LLC) would need to season a bit. 

The appraisers response was to disregard these findings. 

If the Tenant is ultimately disregarding the terms they agree to (including whatever the HAP contract states regarding utils), then they might be held responsible, or, the casework might remove them from the program, in which case your guaranteed rent just flew out the window.Local law or Utility policy will determine whether you can, or cannot turn off the utils in your name now.

If start up capital is of no concern to then disregard what I'm saying but this is how I look at it.