The added variable is my fiancé has a sister, whom her parents want to leave something to when they pass (they are 80 and 70 years old, respectively). 

I used the 75% rule on the income and added it and my DTI without the rental goes from 24% to 38%.Or does it just allow me to just take the net profit of that rental and add it to my rental? 

Once the property is in service your rehab costs will be added to your cost basis. 

Also happy to answer any questions about the process if anyone's considering adding them to their marketing. 

Exception being, I'm adding pools to mine. 

Take pics of all the junk (I mean high class heirlooms, which is what you'll say in the ad) and put it on craigslist asking for offers.

Managing a large renovation budget required careful oversight to stay on track.

For over a decade, I’ve focused on multifamily acquisitions and asset management with firms ranging from small boutique offices to large syndicators.

The average company only survives for ten years, while even large companies typically last just 18 years.

It justifies the property selling for greater than just market appreciationI do owner builder rehabs but sometimes use contractors for large work scope or scope beyond expertise.