Anyone here has partnered with someone from BP to form LLC ,put down payment for DSCR?

It's generally advisable to have a lower ratio for better loan approval chances.Down Payment: Save for a down payment.

If done right, you can refinance at the end of your rehab and pull close to, if not all of your money invested in the property (down payment + rehab cost) and then buy another house and do the same thing.

As of now we have a date set for them to come do the $13k of work but we have till March 19 before we need a down payment and commit to the work.

(Max vacated rents - your monthly mortgage payment) = +/- net cashflow.

For military folks moving a lot, owning for a long time might be a bit tricky, but there are options like selling or getting someone reliable to take care of your property.

I would be willing to do a free market analysis to tell you what the property is worth if that would be helpful just shoot me a DM.2) Are you able to make the minimum payments on the debt now? 

I have an initial down payment.

It sounds like you are looking for funds for a down payment.

I discovered my current mortgage is behind secondary to an increased in December; I am using automatic payments and didn't notice the partial payment notification.