What happens if one of you decides to buy a personal home and need the credit to qualify for a new loan so needs to sell this one to make it happen, but the other partner not ready to sell yet, or doesn't want the capital gains. 

Lastly, our DTI is maxed out per every lender we've spoken to recently as all the properties are mortgaged in our personal name.

The total cost of project is more than we can qualify for based on personal income, although our W2 income and credit score all work in our favor.

I would personalize it with a picture of yourself and sign the bottom to make it official.

I have about $300 on my credit cards (just finally paid them off for the most part, and have about $20,000 limit).My cash on hand is relatively light, but what my plan was was to find some single family homes in the north Detroit area (currently anywhere from $40-$60k and put about $15-20k tops into any repairs or fixes (not looking for total rehabs, mostly something I can do some small repairs here and there and paint, personally I am knowledgeable about renovating up until complex electric and plumbing).

You aren't acknowledging that you are just a middle person with no money so you are starting with an untruth, the quickest way to get someone to hang up on you.

Hi Melissa,This is of course a personal decision but personally I do not allow felonies in my screening process.~ Lindsey

Personally, I wouldn't live somewhere where I have people living above me as I am sensitive to noise. 

I'd really prefer to hear from those that have gone through a similar process as me and get recommendations for lenders to look into?

Talking about a person or company who will bring in cash for down payments and floating capital between renovation draws.