For long term we would have to start with budget as that will dictate what areas we look in, cash flow is going to be tough to find anywhere near Orlando, appreciation and doing value add improvements will go a long way pretty much anywhere within an hour of the city.

I personally witnessed a Joint Venture that fell apart because the General Partner (GP) was depositing the Partners money into his own Personal Bank Account.

@Brandon Fuhrman I’m sure some of the others will chime in but it would seem to me that the smartest thing would be to keep that account open and use it periodically and pay it off, improving your credit, and get the bank to open the correct business credit card for you.

- What do you mean "write off", if you're trying to improve your DTI ratio you would want to report that as taxable income to get your income to be as high as possible for underwriting reason.s2.

Hi everyone! 
I'm working on closing a deal with a partner and I want to make sure our JV agreement is set up good so we don't have any issues down the road. Does anyone have any tips on how to properly set up a JV a...

My mind frame now has evolved from two years ago, and I now see the extra income as enabling greater security reserves, providing the ability to hire repair folks instead of DIY which saves personal time, and to improve the property more beyond the minimal.

Is the surrounding area being improved and would one reasonably expect this neighborhood to perhaps upgrade itself into a B/C within the next 24 months?

So far it looks like that's the only thing I would need to improve.

For example can it use the equity to make improvements or purchase other properties?

The part that you're missing is to build/rebuild your reserves and improve your credit.