I'm also a new investor in Atlanta, planning my first deal soon maybe we will cross path here in Atlanta

That doesn't count your closing cost, or your selling cost (in my area i use 8% for selling cost number alone).  

I guess I am worried about crossing a legal line between realtor and wholesaler.

In the past 6 months I have bought 3 rental properties here in Pittsburgh and now every lender I speak with is taking the debt from these and counting them against my DTI ratio, but not giving me credit for the rent.  

Along these same lines, does anyone know if passing on the utility cost to the tenants would count as a 'rent increase' under the new rent control law?

Eric Cross hi Eric I'm interested in following your progress and possibly working together in the future.

It used to be that if you have 100% ownership of the LLC they would not count it as a change, but FHA has changed their rules and many conventional banks are following suit.

Or is this just part of the game and I should count myself lucky that I could run from a fraudulent liar while I still had the shirt on my back.  

We're, fingers crossed, a few weeks away from closing on our first property.

I might be making this more complicated than it is, but its my first time having a partner so i have no idea.And just for the record, this investor is totally counting on me to bring him the details of this partnership, so i cent really ask him what his conditions are, he is inexperienced in this situation a wall.I would appreciate any insight you guys (and girls) can bring to my situation, thanks,Molly