I have 24 units and I am trying to set up on Quickbooks because it gives more financial reports.

I would be looking for other areas of the country that might be better for cash flow since that is your main objective.  

The income for the house is basically the combination of the 3 persons together.. so separately they might not qualify,, but together their monthly income is over the 2 or 3 times the monthly rent per month.. whatever you had set for that.Any one under age of 18 is listed as ...

@Troy Luster I think he means he is setting aside 7% of gross rents every year, so that they'll build up over time for when big ticket items need replacing.Most investors set aside between 5-10% for ongoing repairs and maintenance, and another 5-10% for capex.

The bad side to this would be higher interest during the rehab phase and more potentially more closing costs since I'll be refinancing two properties.Since this is my first time having to get a little creative on financing I just want to make sure I don't set my self up for failure.  

Small things like caulk, grout, screws, thin-set are the responsibility of the contractor.

@Mitch P.Yes, you can cash out for the full amount of LTV that the lender requires - some require 75% and some allow 80% - also, a lender that allowed 80% may require 75% on another deal if your personal situation changes - debt to income, etc.The deals are out there - I am constantly on HAR looking at my target neighborhoods - I also have automatic notifications set up when a new property comes on the market that meets my criteria.

I am pretty set on moving out to Europe (specifically London), when I graduate.

I will get 5-10 people before I call them back then I set up showings then I set them up every 15 minutes in the evening usually around 6:00 (because they should be at work during the day hopefully).

Make sure to set up keyword alerts so you can get notified about  topics that interest you when they are mentioned in the forums.Look into attending local REIA meetings.