Hi Nathalie, You only need to be afraid of the IRS and the Credit Reporting Agencies but, you're here on Bigger Pockets (Welcome) so, that's means you're a brave women.

I'm actually flying out to check in on all of them in the next month or so and can report back how they are doing, but most of the buyers I know going in those areas right now are all really happy.

Above all of the negative news and reports, you'll be surprised to hear who made the top 10 best markets for real estate marketing.Despite jokes that you can buy homes in this city for less cash than a car, Detroit has seen a resurgence, boasting a 16.2% return on real estate investments.Thanks Bigger Pockets!

The rent you reported seem to be pretty high for a property in the pics.

My purchase price kept coming up wrong in report.

If I use my name to finance the purchase of the property, am I still able to report the acquisition, renovation, interest and other misc holding cost under the S Corp?  

The switch may only bump him up to $0 in cash flow but he will have to pay closing costs to obtain that.  

Here's my credit report and tax returns [verified.]"

Also ask for a copy of the Depreciation Report and any building envelope assessments.

I am not sure of your DTI ratio's, but you will be required to count the full payment towards your DTI until you have 2 years of landlording experience (reporting on schedule E of tax returns), which could make it hard to continue the process right away without flipping a couple or being patient and getting to the 2 year mark!