At those price points I'm assuming this is a more cash flow area like the rust belt, or other mid west geography.

All input in this realm would be greatly appreciated.

Maybe someone knows all about this. 

I don't see mcuh on this business partner. 

But, if the deal is a true ABL play, I may not even look at a credit report at all.

(This may have changed in subsequent funds, so check with PPR.) 

This stands true for any/every investment segment in existence; stocks, ETF's, business ventures.

However, my under writing due to the recent rate hikes shows large cash negative after a high LTV refi to extract the equity so I am not currently actively pursuing BRRRRS and I find this is true for many of the local investors that were doing brrrrs a few years ago.  

You got this and good luck!

If the above is true, the income will offset the debt in the DTI calculation, so who cares?