Additionally, I'm hearing at meetups that this could extend to multi-fam under 4 units as well, although I haven't been able to confirm.I work exclusively with smaller investors in the multi family space and would be happy to chat more about it.

Additionally if you find this post helpful please give it a vote on the right hand side of this post.

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? 

Additionally, you want to start building your "Core 4": agent, GC, lender, and PM. 

There will likely be a partnership return required where you flipped a house with a partner and lost $120,000.If you sold the other property within the same partnership, it will also be reported on that partnership return.The net result to you is that you will receive a K-1 showing your income / loss which you then use to report on your individual return.If you made no money within the same year, you likely pay no additional taxes / get no additional refund.Best of luck.

They may also require US credit history, although there are a handful that will not require a US credit report for an increased rate/ reduction in LTV. 

Additionally, take some time to drive around your neighborhood and gather information on recently sold properties within a mile radius.

A PM offers so many additional services in addition to things you cannot do yourself - like simply having a 3rd party between you and the tenant.

However, there was a lot of additional paperwork, and I had the capital...So I just opted for the more traditional path instead.  

Additionally, I’d appreciate advice on pricing.