This could be good if you plan to raise rents quickly, but it could also be risky if you’re counting on steady income to cover expenses.

As far as why I was considering an LLC - it seems like there's two camps, those who think it's a necessity for legal protection, especially as you grow in unit count, and those who think it's mainly a waste of time and money.

The issue came because five doors were purchased in December and the lenders counted the mortgages against me but didn't use the income.  

And with the said would a $2500 lease hack payment even count in reducing my dti towards the new loan or does that not count? 

I also learned that a down payment on a rental property does not count as an expense.

So, they should be able to provide proof of police report and acknowledgement letter from one of the credit bureaus.Cosigner: only idiots cosign and think it doesn't count against them.

Also, if I place bad tenants frequently, I can count on being fired, so what sense does that make to ruin my reputation and lose other business for half or 1 months rent commission?

but I feel many syndicators take their acquisition fee and spend it, or immediately reinvest in more marketing, or more head count, or new offices.  

One tidbit for your specs for your new loan - the new rental income on the property you're purchasing will be counted at 75%, not at face value.

Having to go back and forth to the property 5 or 6 times for things that could have been handled at the same time is rather annoying and that's not counting the fact the realtors have other appointments to get too or could have worked on other deals while the lender did what they were normally supposed to do etc.In my case I had an ideal deal that fit even their own requirement's, hence why I wanted to go with it.