You have to calculate based on a more than a few things like loan amount, down payment, taxes, Insurance, (Any HOA) PMI, based on credit, etc.If you are 1099 the Bank can look at the most recent 1099/Schedule C if you have been in business for 5 years or more with a 25% ownership in company or more. 

I need to get a landlord insurance policy. 

He would then pay me a draw and I would be responsible for paying the draw back to the company.

With all the turmoil in the FL market you need to check with your agent to make sure that the Homeowners Insurance company will insure duplexes. 

Any company in Orlando that you can recommend?

Print this off, study it, highlight it, make sure your lease and policies comply with it: https://law.lis.virginia.gov/vacodepopularnames/virginia-res...

I think we missed steps while using this transaction because the title company said they can’t do anything because we never transferred the deed into our name.

A escrow/title company -- or how did you participate in this hard money loan? 

In my case, I have residential rentals in one LLC, commercial properties in another, self storage in a third, and my real estate company operates in a fourth.

My name is Maria Arranz, I've been working for 2 years now as a disposition agent for different wholesale companies and I finally decided to join BP.I'm eager to learn from more experienced investors and share with this community!