His & my verbal conditions were he move in and we'd take care of bills combined while I took care of the mortgage for the year, then I'd refinance.

If he sells it at $425K and subtracts $250K then he must have purchased the home for $175K or less. 

Just an update units actually rented higher then I even thought, I guess a ton of demand for anything "affordable" right now. 

no,,just become a bird dog, learn, earn and save, then go on your own 

Then the debts are "Omitted".This is usually more beneficial for a person who receives W2 income from an employer and wants to exclude their W2 income from being hit by the credit cards, automobiles or mortgages being paid out of their business checking account.There are also ways to gross up some of the income but some lenders have overlays and hit you with things rather than allowing add backs.

Our partner, Seth Choate, identified the N Backer Avenue property through his extensive network and local market knowledge.

If you're lucky, then after a couple years your property has appreciated, gone up in value (possibly because of rehabs you've done, rents that have been raised, or both). 

If you were going to charge then I’m sure Chargepoint has a system (they run the chargers at the local casinos and can be set to free or charge per kw or per minute.)

So for example, a 761 credit score will be in the 760-779 credit category, then going down to 740-759 and so on.2.

We then spent around $30,000 out of pocket on renovations, including repairing the roof, upgrading the electric panel, installing new HVAC, and putting in a new kitchen.After completing the work, we refinanced with LendingOne using a 30-year fixed-rate DSCR product at around 7%, which resulted in a net cash-out of approximately $15,000.A couple of things to note:I'm out of pocket on this property for around $40,000 ($25k down, $30k rehab, minus $15k recaptured).I'm thrilled with this amount since it's far less than our "normal" 25% down strategy would require based on the higher value.The property appraised for $330,000 after the renovations.The key point for me is that this property is now netting around $800/month in cash flow.