Hello BP Community,My wife and I currently own one rental property in the North Phoenix area and are looking to scale our real estate business.

its an auction . com  so in this case 99% sure its just a bank owned asset..

We really stretched ourselves thin. we did not perform our own inspections because we were busy raising finances .. and our agent insisted we use the same company who did the initial inspections to “get a report in our name” .. we went for visual inspection with our agent and found the master bathtub was  upside down — they said there was a chip and seller was fixing the tub.

Hello, I've owned my business since December 2021. 

Sometimes they'll just ask for a paystub or two and a  W2, but if they ask for tax returns, your schedule E will show the properties you own and the lender may ask if there is a mortgage on that property. 

I can muster my own capital + leverage but it would not be quite enough I think (and my wife might kill me).My instinct is to raise capital hell-or-high-water and refi later upon completion with a DSCR. 

I currently own 2 properties, and in the process of looking for my 3rd, which will be my primary home for my family and I.

Or do tenants pay for their own utilities?

I have owned several townhomes in AZ.

If it's just you that owns the LLC, it's considered a Disregarded Entity which means you virtually have no Asset Protection and it's just like you own the property in your own name.