We see self storage facilities in every town, every city, every county and the facilities, over the course of the many years I've been involved in them, have made considerable improvements in terms of security, billing, egress and ingress, etc.  

When I purchase the BRRRR and go to refinance, will the bank consider my rental income from my home in Rhode Island that would be rented at that time to cancel out that mortgage debt in terms of DTI?

@Gerald Boone you should consult with a Real Estate attorney for guidence here, but make sure you clearly define everyones role in the organization not just in terms of the money they bring to the table and how much profit they receive but consider how much involvement you'd like them to have in the deal, are they silent partners?

@Zoran DomazetHey Zoran,In terms of Material costs I understand the need for flooring in some areas but to be honest looking at the pictures it may be better to replace them throughout.

I read into the FHA and I saw that it’s similar to the 203K loan in terms of me having to be a resident of the property.

Sometimes though I feel like BP forum searching can be a huge blackhole in terms of time, and never lead me to productive outcomes... 

They have a staff attorney so it's kind of a take it or leave it in terms of what they provide.

Roselle is a middle of the road town in terms of crime and income for the most part, taxes can be high, but rents are less than stellar for multis.

In terms of your offer, if you use your name consider adding "and/or assigns" after your name.

Non-QM lenders are asset based while Conventional lenders are credit based.Non-QM lenders focused solely on the following criteria when green lighting your deal:1-The ability of the property to cash-flow in terms of covering its underlining debt; or its ability ti appraise with ARV that covers the debt if you are flipping.2-The credit of the borrower (660 or higher, preferably above 700)3- Your liquidity (do you have 3-6 months of liquid assets) after you close on the property.That's it!!