.- make sure you qualify for the refi cash out ahead of time.....the first rehab flip aint over though until its over..congrats on learning.....there might be more unforseen factors coming to sway your decision.

My lender is saying that they go off of the lower of the two scores, and it must be at least 720 to qualify for only 15% down. 

If you choose not to accept Section 8 be consistent and across the board with it because even if it's not a protected class you still have a duty as a landlord to be ethical and consistent with the enforcing of your screening criteria. 

However,  if husband and wife want to do a partnership, they can elect to be "Qualified Joint venture", and not file partnership return. 

Some tenants may have some money but not the credit to qualify for a loan. 

If an HOA board votes to buy a new product for the community common usage, such as a new entry point access control system, are they able to depreciate that hardware in any way?

I am perfectly open to skinning the cat in another way if it makes sense.As far as attorneys, I have a fantastic real estate attorney who I have used on all of our family purchases for over 17 years.

If their combined income qualifies them for a 119k house it's likely a big purchase from their perspective.

@Jack B.ANYTHING, as you pointed out, can be faked.BUT... if you are doing that for an apt, you risk committing a crime by falsifying information.So, let's say a tenant has the following:- NO CRIMINAL HISTORY from the Report- HIGH CREDIT Score from various sources- Qualified and Verifiable Income from their Employer- NO EvictionsAfter checking all of that, they then submitted a FALSE 6 months bank statement?!

While under certain circumstances it might be possible to create a partnership between qualified plan and disqualified person there is always likelihood that  such arrangement may lead to a prohibited transaction.