From their perspective it's just a guy funding his own (if necessary) LLC and backing it's mortgage with a recourse loan.

Looking at this from the other guy's perspective- what value do you bring him?

There's lots of great information and people always available to offer perspective.

So from a loan origination perspective you have a -$50 cash flow).Speak with lenders and find a lender that will give your immediate rental income credit (with lease) and give you at least 75% rent credit.Hope this clarifies how rental income credit is applied. 

Often times individuals who are looking for and need money approach the situation from that perspective, as in we need money.

You may be able to buy, rehab, rent, refinance (as the guys on the podcast like to say), but with $12,000 only I'm not sure how far that will go (not trying to burst bubbles, just putting perspective).2) I currently I have only one buy and hold property and although I got it below market, I still have a significant amount of cash tied up in it.

I feel like we have a good system in place from a management perspective, but I always like to see what the other side thinks is important as well. 

I think those make the best rentals and flips, but again I am speaking from the perspective of someone in the South Florida Market.

I do know the sellers, so of course have talked with them, but I wanted to also get a more objective and investor oriented perspective.

I'll try to share some perspective on Orlando being from there and have a rental house there.