Never take partial payments or it resets your eviction. 

I am a 16 year old planning to form an LLC under my parents name in order to qualify for business credit to cover the down payment on my first investment property I will also pair the business credit I am able to qualify for with cash and refinance to pay off the down payment when the interest starts to kick in but I am wondering if when applying for a FHA loan on an investment property if they require income to qualify or if they will accept it because I will be renting and covering the mortgage with the rent and how that all works when qualifying and if this is even possible. 

I refinanced the property around five years ago to help with the down payment for my primary residence.

All you need is a single place to track tenant information, payment history, maintenance, and a few other things.

The funds you have to be a down payment and some for rehab to rent the property.

After year one, with no missed or late payments, we will refund half the initial deposit. - We we were self managing properties I liked using Turbo Tenant, but I have heard good things about other platforms as well.Best of luck on your self management Journey! 

How much would you suggest having in the bank after the deal goes through and I have paid the down payment and closing costs?

I had to cancel my debit card before they initiated payment because I knew if they initiated payment I'd never see it again.

So my counter-offer was that I would pay them a small down payment, and have a contract saying that I must pay them in full within 18 months.

She's expecting to receive a job offer, currently unemployed but has  a good payment history.