That could be something simple such as adjusting the amount of late fees or something more involved.

Typically if there is a co-borrower involved lenders are going to use the lowest credit score to qualify. 

It's not worth the extra monthly income that comes with getting involved with low income renters.

Due to personal faith based reason, I prefer to only invest in all cash deals that don't involve traditional financing (so typical passive RE options like syndications, RE funds with fixed returns, REITs etc are not a viable option for me). 

Here's the bottom line- I know that there are opportunities that do not involve fix and flip that you may be able to bring to an investor who will then decide to invest with you based on the numbers.  

Not sure if how many partners are involved, but does the buyer have more or less than 25% ownership... many questions to ask and best to have a call or share your email address.If you want to share your email address

With the cash flow number and the potential equity gain every year you can calculate your estimated return on equity - my hunch is that with $500k in equity it will not be great return.Another thing to keep in mind is that if you have lived in the current house for at least 2 of the last 5 years and it has appreciated a lot while you have owned it then you can sell with little to no capital gains (there is a limit that you may be pushing with that much equity).For those reasons I would probably consider options that involve selling.

I'm opening my second home and find them extremely rewarding but think I may stop at these two because I am extremely involved in them and am spreading myself too thin I think. 

While its nice to borrow as much as possible, the risk involved can sink someone as in most instances their is personal guarantees involved and lenders will bankrupt sometime to try and get every penny they are owed. 

The biggest challenge was resolving the parcel recombination, which involved acquiring additional land and coordinating with the city for approval.