We would need to open more business cards/lines of credit to do this, and also to have ability to renovate the next place as most current cards are near limit.2) 100% on reserves! 

This is 100x more true because you're a rookie.The value you bring might be in the form of capital, experience, access to deals, the ability to put in a lot of work, social media expertise, accounting expertise, marketing expertise, etc., etc., but you have to bring SOMETHING to the table--and you have be VERY clear about what that thing is, so potential partners see a reason to partner with you. 

Your cost to entry will be lower, your rate will be lower by a third and your ability to manage the property because you live in it will be way easier as well.

I am buying a new construction primary in May and hoping for some advice prior.I have a relatively high DTI due to 7 other other conventional loans and my broker advised that a new investment prior to closing might impact my ability to close.Our goal is to do an MTR on the new property and I understand we can’t count the income towards my ratios (since it won’t be on a tax return) which is my main concern.I am wondering if buying the property in an LLC will help with the DTI issue.

At the end of closing, the cash we got back limit a little bit our ability to repeat this process.We have over $200k of equity on our primary residence after paying off our Heloc.

If I misunderstood and she's only paying you 3 months and keeping the rest, if y'all sign a termination agreement, that should give you free and clear ability to look for another tenant immediately and through end of March while already having the income from those months.If she truly is willing to pay 3 months of rent to leave, going through eviction wouldn't do anything for you financially, however it would show up on her record so other landlords know (you took one for the team).There's definitely other creative options to work through this situation with the tenant if you want to send me a PM to spitball a few

Owning a mobile home should not affect your ability to buy a LTR from a lending perspective IMO.

If you live far away, professional property management is an extra expense you simply must incur to safeguard your investment.Experienced builder and property manager Rusty Meador notes, "No matter how good of a real estate deal you find, it is only as good as its ability to be managed well."

Such as a private backyard, the ability to have pets where many apartments don’t allow them.  

I'll answer your questions to the best of my ability, but I'm here to learn from the community.