This indicates two things. 

@Joe WardWelcome to the vibrant BP community, where you will find like minded individuals committed to REI and also helping others succeed.Your time on this social media site will be well spent.You have taken the 1st step by announcing your readiness and commitment to embark on a REI career.Whether you pursue, wholesale, rehab & fIip or buy and hold it's up to you to decide.The bottom line is that you must take action to start.

@Dave Stevens Residential loans are for individuals, Not corporations.

The bank gave me a line of credit to buy, rehab and then refinance small homes with them into individual portfolio loans....

Best I can tell from previous posts on the site is that if you are having a problem with your DTI ration transfer properties to an "entity"(this is the usual word choice with little insight into what kind of entity the poster is referring to) However, when you dig a little deeper, it seems to be that even if you own property in an LLC if you sign a personal guarantee (which they pretty much always make you do* it all falls to you in individual, and therefore counts against your personal DTI ratio, which at least for this, seems to defeat the purpose.* it seems if you have an LLC with 2 years of tax returns, you can actually have the business get the mortgage, and not have to sign a personal guarantee.

It is individuals like you that afford us our many freedoms. 

Love and appreciate this platform, many great individuals and alike minds.

Joel MPlease do not listen to individuals who tell you that purchasing a 30K property in bmore would be a problem.  

It'll be tough to still rent out the rooms individually if your buddies move out, at which point you want to have the option of renting to a single family and still able to cash flow each month.

PMT of $448.62The seller also indicated to me that she would give me a couple months to get it rented before I would have to make monthly payments to her.