It becomes a question of how can this individual maximize the amount of funding in a contract without overfunding it to the extent that the IRS no longer recognizes this as an insurance product.  

The day is held on various dates across the world and different regions maintain their own traditions of honoring fatherhood.Father’s Day is a recognized Public holiday in Lithuania and some parts of Spain, and was regarded as such in Italy until 1977.

It takes time to discover and recognize these in my opinion.Secondly learn from and shadow people who are doing what you want to do and are doing it successfully at a very high level.

@Wyatt Szelest so RENTING the property will help with the "debt-to-income" ratio but that's more of a Fannie Mae/Freddie Mac type of thing (if you recognize those names). 

And just in case why there is a difference generally speaking there are 2 main types of loans for investors: “Conventional” and “Portfolio”Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

I recognize I need to develop some investment criteria which I'm working on.

@Garrett RyanWhen you are networking with local investors; recognize what they need help with.

From a GAAP perspective you should be booking gross potential rent, with a discount to actuals, less vacancy.In practice it doesn't matter too much, other than you recognize you aren't collecting the rent for a period of time.So, if the rehab and lease-up is going to take 2 months, for those months, you book 2100 (700x3, or whatever in place rents are) of rent.  

And will I have to go through probate to have me recognized as the owner.

Add the costs of the rehab, the hassle/risk of placing new tenants (PMs typically charge 0.5 to 1 month rent for placing a tenant and that does not include a dollar value for the risk associated with a new tenant), and the potentially bad karma.We often let our best tenants rent fall below market because we recognize the expense/risk of placing a new tenant.