I'm not a big fan of mixing family and business because it can destroy relationships.My favorite recommendation is the one nobody wants to hear: work like a dog, save up, and buy things you can afford to pay for.

Curbio may just be the greatest gift of the century for flippers.

hey @Shaydon Childersmost responses are right, this will be challenging for traditional DSCR as they dont like gift of equity; and seller credits would be capped (usually at 2% of your purch price) and only allowable to be applied to closing costs. i have one lender (specifically for 1-4 unit investment properties) which will allow for up-to 90% CLTV... and they are okay with seller financing so long as the seller is in 2nd lien position, allowing them in first lien position. they would max at 75% LTV on their 1st, with a 15% allowable seller-carryback (90% CLTV), and then up to 3% seller credits toward closing costs too. they offer 30 year fixed rates, however, due to the added risk for the lender, the rates are going to be much higher than the traditional DSCR loan.

If so, what is your favorite software to use?

I'm also a licensed agent in Colorado and that money goes to my "wants" like special trips, gifts, and money for my future rental properties.If I wanted to 100% live off my rentals and have no issues or concerns with money (reasonable quality of life), I'd want to be closer to 25-30 rental units.

@Harshraj ThakorI've used 4 different rent collection software tools now, and my absolute favorite is Turbotenant. 

The detailed cost segregation study report can help businesses more effectively manage their assets.If assets don’t fall into one of the examples above, there are options such as a 1031 exchange, gifting them through a trust or other advanced tax strategies to avoid depreciation recapture.

This career blends multiple of my favorite things: I love renovating and have renovated several properties on the side through the years.

One of my favorite quotes is from a Civil War General (Stonewall Jackson)    "Never take counsel of your fears".... 

My favorite was the Detroit Renegades.