You can stop, regroup, wait on your DSCR to improve....or you can keep going by using another tool in the old tool belt.

And this is why I'm trying to take the necessary steps to correct this poor behavior and joining this platform to get some input/knowledge/guidance/advice.

I don't disagree that it is a good tool for someone just starting.Now, should folks be using such tools in the first place?

@Bob Dole please tell me you have a CPA and you're simply educating yourself so that you can verify what he is saying is correct? 

@Sebastian Nadal for background checks, I use stessa/rent prep that’s available to us through biggerpockets tools.

I'd estimate your cash flow after you pay the loan payment would be $600-$800, which a lender that understands investment real estate should give you some credit for on your DTI.As for a bank, I have a specific lender at NBI that I would recommend.That 600-800 you are factoring in the HELOC repayment each month too, correct?  

@Troy SmithThe advice you received is correct.

This is correct, so I would disclose every aspect of the sub to and how it relates to the seller, perhaps going so far as to insisting the seller sign off on an acknowledgment that he understands the ramifications.  

I’m looking to ensure I structure things correctly and attract the right partners.

I don't want to get lazy (in the beginning) and rely on automated tools.