They are engaged, with the strong candidate having +700 credit and single handedly has a 5x gross income to rent just on her salary alone..she also just graduated college as an RN and could get the house on her own merit.

A TX return is just a 15 minute online Franchise Tax Return, if you're below $1.1 million in gross receipts theres no tax.

To start the discourse I will use a hypothetical, if I have a W-2 job that is paying 31200 a year gross pay and have a credit score of say 750 with about 2500 in savings, should the focus be on trying to save enough to get an unleveraged property deal which will obviously take a while or should I take a risk and take a Loan (HML, PML etc) for a fixed up buy and hold if I can make the deal work on paper?

Examine gross adjustments and if the the positive adjustments were not applied.  

PHL Home Prices Surge Amid PandemicHome prices surged by a record 27% in the second quarter, driven by strong demand for high-end residential projects and an uptick in costs amid the pandemic-induced lockdown, central bank of The Philippines said.Read more here: https://www.bworldonline.com/p...The fundamental reasons for such a bullish outlook for the real estate sector are the young and growing population, the transition of the Philippines from a low-middle income economy to a high-middle income one, and the expansion of economic activities away from the National Capital Region to other alternative metropolitan areas that even before the pandemic had already been growing faster in terms of gross regional product than Metro Manila.

But now I have a house that is cash flowing $1,400/month gross (approx $400 net) and I have $110k-$83k= 27k profit in equity in that house.

Private money is a beautiful tool, but it can get a little predatory/gross.

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

@Ruben CorreaI calculated it $68k gross income.minus the following electric, mortgage,ins,tax,cdd,HOA,mgmt fee (15%) reserve and cap ex.

The National Association of Realtors states that the average flip takes 6 months and grosses $67,000 and after expenses nets $15,000.What happens when you lose money on a deal?