I have verified that State Farm Insurance will be providing all payments via ALE Solutions. 

Anyone here has partnered with someone from BP to form LLC ,put down payment for DSCR?

If done right, you can refinance at the end of your rehab and pull close to, if not all of your money invested in the property (down payment + rehab cost) and then buy another house and do the same thing.

I discovered my current mortgage is behind secondary to an increased in December; I am using automatic payments and didn't notice the partial payment notification.

I think this makes everything cleaner for taxes, documenting historic rental payments, and legal issues that may arise due to the barter, etc.  

.- I have a mixed use property with 2 commercial spaces rented for the last 2.5 years and 1 short term rental/residential space I have airbnb'd/lived in part time for the past 2.5 years- I owe about $110,000 and have about $200,000 in equity- My credit is 580 - 620 right now due to being laid off last year and missing a couple of credit card payments.

It's generally advisable to have a lower ratio for better loan approval chances.Down Payment: Save for a down payment.

A $200,000 rehab buy is $30,000 out of pocket down payment… plus rehab costs….

As of now we have a date set for them to come do the $13k of work but we have till March 19 before we need a down payment and commit to the work.

I would be willing to do a free market analysis to tell you what the property is worth if that would be helpful just shoot me a DM.2) Are you able to make the minimum payments on the debt now?