If you're planning on using traditional financing, your DTI will come into play.

Note: -the properties are located in California, Nevada, Arizona, and Connecticut-the properties are all financed under conventional loans-most of the loans are purchased as rentals, two are purchased as primaries. 

Reading between the lines, it looks like a seller financed transaction.

@Alanna ThomasIf you financed your property through a lender that escrows for your taxes and insurance - that stays in place regardless of what you do with the property (ie rent it out, etc).  

I have not secured financing at this point so this is all out of pocket and cost is a constraint. 

I have already spent fifteen thousand dollars for a program that didn’t show me how to get financing for my deals and I am broke seriously broke like don’t know where I’m going to get money to feed my family broke and I am HUNGRY in more ways than one this means the world to me I have to make this work so please if anyone can help me find private money lenders that will take a chance on me let me know I know I will make us a lot of money because I have.

Hi - people certainly do utlize strategies like this - however, as other commentors have noted - DSCR Loans have emerged as an LLC-friendly and short-seasoning-friendly option for BRRRR investors that allow you to do everything by the book and not have to worry about a lot of this.Sharing this article I wrote last year on BiggerPockets on this topic - financing options for BRRRR strategy and pros/cons of eachhttps://www.biggerpockets.com/blog/brrrr-loans-what-are-the-...

Max,That's a loaded question...First will you be using financing or getting a construction loan.

My plan is to D4D or pull list from county and begin marketing on a small scale but with a buyers mindset (whatever doesn't meet my criteria, ill whole sale) I am a little lost or should I say would like to get investor opinions on my plan and gain some insights from you all.I don't know much about financing or rehab I have never done it and it feels intimidating while supporting a family

Hi George,If you have the cash to buy your next property with financing, it's not necessary to do a cash out refinance.