If you have trouble showing income and the property is non owner occupied, you may qualify based on DSCR 

(option to go to 24, but I want the initial project to begin locally.)Location- OhioMarket type- Local, within 8 miles to meBuilds- Identical 2700sf, 4 bed, 3 bath , placing the same structure that meets the tenants criteria in 9 locations.Debt: Seeking a refinancing option  based on a 9% cap rateThe difference ( 450,000 x 9= 4,050,000    vs    NOI of $384,261 / 9% = 4,269,576 or $474k/property + tenant)with our continued rates of appreciation and a standardized tenant/lease structure in place, this should be a win for everyone.Who has a solution?

If you start before having both of those foundations strong, then things will go wrong.

i view syndications as a diversification strategy once you're in a strong financial position and have a good network. 

2) As a partial year resident, do I just include the resident portion of taxable income in the base, rather than use the non-resident worksheet? 

Whatever you do here make sure you have a strong real estate attorney in your corner to structure this correctly. 

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provides support for the property tax appeals process.Additionally, it can help maximize renovations and improvements.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

I take full responsibility for this lapse in judgment and the legal consequences that followed.Following my release in 2017, I have demonstrated a strong commitment to positive change.

Questions I'd have if I were in your shoes would be based around how the CAM expenses, management, taxes etc are going to work. 

I meant 10% down based on SD multi-family real estate prices.