No.

I want to dump all my capital into a lucrative foreclosure property where on closing I will own it 100% and then immediately have a cash-out refinance the same day to extract some of my capital back out.James, you can absolutely do this through a specific mortgage called Delayed Financing.

I have notified our lender (the old seller) in which they are fine with the title change to an LLC (with no due on sale clause), but are not willing to change the payee of the note, in which the mortgage will remain under our personal names. 

There is no blanket answer for this.

I didn't owe anything, but I had sold my car to someone who racked up several thousand in parking fines and then promptly disappeared so they tried to flip the charges back on me as I was the only one left with money to collect.I called an attorney who sent them a cease and desist letter along with a warning that they would be liable for substantial damages if they ever contacted me again (and we would sue if they did).

With that income and currently no debt I was able to get pre-approved for properties in the 300k mark.

Using 50% rule with no leverage equates to $1750/month.  

He’s providing no parts, so it’s strictly labor.

I also have zero debt (student loans paid off, bought and paid off multiple cars, etc), but my credit score isnt amazing just mostly cause of lack of accounts (lets call it around 620 fico 8, higher on credit karma).  

$3,000 for a personal return (filing single) and 6 properties (no LLC or Corp) does not seem reasonable.