Hello, I was reading the book and was wondering if you can share the link to download the flow chart income/expense. 

I would also callout that my business partner wants the loan out of his name since it is impacting his Debt to income ratio for other things in his life. 

If I were in your shoes, I would do the following:- set 6 months worth of income aside in a HYSA to save it for a rainy day (this will help shield you if you lose your job, or if something goes horribly awry with your investment properties)- open a Bank on Yourself life insurance policy (this is a specific type of high dividend paying whole life insurance where you can borrow against the cash value in your policy at any time and the money will continue growing as if you never took out a loan.

No income this year, but did have expenses, so I want to capture the loss and carry it to 2021. 

If I don’t get good applicants ( credit/income) by day 7 on market= price drop. 

I am not planning on quitting my day job anytime soon but rather my hope is to gradually grow the amount of income I am able to bring in over the next 5 years to be in a position to make Real Estate my full time gig. 

I work full time in a welding shop to have proof of income, so I'd be able to get my fha loan.

Don’t you want/need the SSN for a decent background check and income verification?

HI John, You can always start off by house hacking meaning you live in one UNIT or ROOM and renting out the other vacant units/rooms to offset your monthly mortgage payment.There are several ways to run and make sure you are maximizing your rental income while keeping your living expense as low as possible.

My plan was to gradually raise rents to market rate over a two-year period, which would generate a cash flow of $200 in two years with a 7 percent interest rate.The seller is firm on the purchase price and has cash offers as backups if our agreement falls through, but we are currently under contract.Pls let me any additional info needed, as this is my first post.