You have to submit an Operating statement for the past two full years and Year to date, Rent Rolls, Copies of leases, a letter of experience for property management, and a history of capital improvements for the past 3 years.  

Does anyone have a "standard percentage or rule" they use for setting aside cash for the unexpected during a flip? 

Unfortunately, there are so many rules and regulations around disclosure that it's not worth it to them to talk to you even if they could eliminate their foreclosure timeline by entertaining a short sale or settlement.

Using the 50% expenses "rule" (which doesn't include mortgage), plus mortgage, the return per door looks to average ~$285/m?

Can a majority owner dictate any rules about specific things you can do with your unit?

Is it a good idea to purchase homes seperately to avoid the 10 mortgage rule or should we focus instead on our combines income to reduce the debt to income ratio?

The reason I joined biggerpockets was to help improve my career, so I can start giving back to a community that I truly love and want to help fix.

Right after you close on an improved property get an insurance policy that will protect you if there is a loss on that property.Do not cut any corners to make something look better.  

Franchise Taxes, Secretary of State, IRS Filings)Lawyer, Accountant, Bookkeeper...and you'll need a special evaluation process for YOUR country based on the US Tax Rules/Israel Tax Rules and Currency Exchange Rates.As you can see, going this route is not easy but doable. 

Hello,My name is Shakira Rule and I'm 34, born and raised in Sacramento CA.