I'm not satisfied with not filing the rental in an LLC simply because it's more simple and might cost me an additional filing fee .

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, I have one savings account for reserves for all my properties, which I add to every month. 

Additional resources and tools via brokerage.... 

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.

That's an ADDITIONAL capitol investment made. 

Supplement this far simpler entity approach by ensuring you have appropriate types and levels of insurance, you operate your business in a manner in which your conduct is not considered an exclusion in your policy, you work with licensed and insured vendors, you execute contracts with indemnification clauses with these same vendors/ require additional insured status &  maintain appropriate licensing and permits.

What I found was, yes it was nice have additional income, but each project seemed to always interfere.

Would be great to reconfigure the lot lines on the two additional parcels so they'd both meet the minimum to build.

We have been working to be extremely conservative with our estimates but with this being our first go at this, any additional expertise is greatly appreciated!