Which no, I don't talk about, blog about or post about.

Following!

He get's principal and simple interest payments over a number of years.I'll manage the deal and the property.Looking to create a proforma for this that would fit a typical rental analysis but insert the detail of having private money cover the DP.

Using a 203k, you'll usually have quite a bit of equity that in 1-2 years you should be able to refi out of the FHA loan product into a conventional removing the MI associated with FHA loan products. 

I would only use the heloc if you plan on cashout refinancing one of the properties to pay it off once the rehab is complete. 

That does not require employment or job seasoning instead it uses the rents to qualify and you can take out up to 80% LTV cash.Use the cash to put down on the next 1-2 or more properties as long as the other properties are debt servicing themselves it opens up more opportuities to buy more future assets and increase your passice income.  

The guy is is in the Navy and invests in Land.

We love our pets but at the end of the day pets are a luxury.

Hi Brian, welcome to the BP community! 

As for my MTR listing, I have 100% occupancy on it but I have a very easy target MTR market of visiting scholars.