Get into flips and into lending because if you lend, you're going to end up in a situation where you are in an asset that's improved as it's flipped because you buy, renovate, and flip.

I’m trying to buy a home from my in-laws and there selling the home to me for 100k the house value is worth at least 200-250k or more, and I plan on making improvements.

Many capital improvements, improved appearance inside and out.

I thought hopefully the part-time job would help improve my odds of getting a loan through a bank.

I tend to freelance on some of my criteria in markets I know really well but out of state I am very disciplined in that criteria and of course I want to make sure I can find staff locally which means I only target bigger deals out of state.

In this situation, the tenant will move out once the lease is over, and you may be waiting a long time to fill the property at a lower rent than expected.Another claimed advantage of the property manager is that they have an internal maintenance staff.

I would love to talk with you off-line I’m looking for deals and I’m in Texas as well and I could sure use any sort of skill improvement. :-) 

For long term we would have to start with budget as that will dictate what areas we look in, cash flow is going to be tough to find anywhere near Orlando, appreciation and doing value add improvements will go a long way pretty much anywhere within an hour of the city.

@Brandon Fuhrman I’m sure some of the others will chime in but it would seem to me that the smartest thing would be to keep that account open and use it periodically and pay it off, improving your credit, and get the bank to open the correct business credit card for you.

- What do you mean "write off", if you're trying to improve your DTI ratio you would want to report that as taxable income to get your income to be as high as possible for underwriting reason.s2.