DSCR (debt service coverage ratio) qualifies you based on the asset itself cash flowing.

If youre looking for something active commercial real estate might be best for your situation.

No, it does not necessarily reflect fees being linked directly to services provided.  

Here is the citation for those who want to do their own homework:California FTB NOTICE - 2019 - 05SUBJECT: Imposing the Failure to Withhold Penalty Against Qualified IntermediariesWho Actively Participate in Certain Improper Like-Kind Exchange Transactions

The 70% rule is indeed a common guideline used to evaluate BRRRR deals, ensuring that you can potentially pull most of your money out on refinance.When lenders offer DSCR (Debt Service Coverage Ratio) loans at 75% LTV (Loan-to-Value), it can change your analysis slightly.

One issue was a slow draining bathroom sink which I called my warranty service provider to snake at no cost.

The only benefit in this instance, as an investment partner in a JV, or member in a multi-member LLC, is it's an act of "good faith" on my part in the agreement, being extremely transparent about the project's costs for the construction company, and the specific amount the partner/member invoices as profit or salary attributed to construction services on the specific project (I differentiate profit from salary, as it depends on the size of your construction company, a smaller company the profit may be the salary etc). 

Sometimes it might make sense to have full service, but if you are just fixing a drain once every other year then it probably won't.  

That way you know they are active in the BP community!

I’m active duty Air Force retiring next year.What are you planning for your first investment?