But if its not related to that type of water damage, the other questions ask about present tense issues, and not past issues.

So I wouldn't recommend them unless time isn't an issue for you and you don't mind waiting a few days for a response.  

@Stuart Udis I understand the importance of having the funds for repairs, vecancy and any issue that may happen.

Based on your first fix/flip, it sounds as if you don't have any issues doing moderate rehab.

If you really want one then I would have one drafted by an attorney to make sure you are square on all issues, liabilities, scheduling etc.  

He makes sure we maximize all deductions and have no issues.

The issue I see is that market has historical appreciation below average (not bad, but slightly poor).  

I even try to unsell them on the business by sharing my financial losses, litigation,  market shifts, permit purgatory, shady contractors,  clouded title issues,  paranormal activity, squatters, mold, etc.

The issue I had was that most lenders required a certain number of completed flips done under a LLC.

That means there is not really an effect on the debt to income ratio neither positive (income) or negative (loss) but rather simply making that payment  non issue.