Front two units are full time STRs with a rear studio operating full time MTR. 

Expect to spend another ~$8K for that.If you are planning to close all-cash and bring enough cash with you for operating expenses and rehab, you are looking at a minimum capital raise of about $3M and that is for a cheap 32 unit.

The truth is if your investors have no involvement in the operations, If they just put in money and expect to get a profit, you have created a de facto syndication.2) I see a ton of people who just raise money for the syndication. 

Depending on the loan product, you may be able to exclude business debt once the business has paid the debt directly for 12 months.The income and losses related to the operation of the entity will affect the income side of your DTI (like Jay explained) if you own 25% or more of the entity.

What would one of you suggest for a medium term operator whose tenants may be over using a specific utility like gas or electric.

My wife and I owned, operated and sold five RV Parks; three to individual buyers and two to Blue Metric.

Paul and I operate 10 doors in North Iowa.

It is clear from the interview that their main skill set is raising money and they partner with other "Co-GPs" who focus on the operations. 

The new facility, dubbed "Arsenal 1," will encompass 5 million square feet and is expected to start manufacturing operations by July 2026.

Paul has started at least 3 separate threads in the past few days announcing to the world the success he's having with section 8 rentals and repeatedly reminds us he doesn't have a clue how to calculate the true operational costs associated with these properties.