If you are paying cash you care in a pretty strong position.

We currently rent out our home in Mascoutah, IL after I accepted a temporary position overseas, but didn't have the knowledge that I do now and it definitely doesn't cash-flow.

I have great credit but I am in a position to buy it outright with cash.

I generally take that position, too.Is your JV agreement for a single investment, or is it for the entirety of your relationship?

Because most people are (hopefully) in a better position, with a rental and alternate income. 

That is a good point however even with 20% down and no PMI, I don't see how this is going to have a positive cash flow.

Once you get one property and the income starts rolling in I imagine it would have positive impact on your DTI by raising your income more than the new debt. 

Hello,I am in a position where my Dad would potentially be willing to let me use some of his reserves as "backup" as you might say as I invest in properties since I am not cash heavy. 

I have worked my life to get into a community service position and am far less satisfied with the limited help I can provide in my full time dream job than I ever thought when I was a kid dreaming of it.

If it gives you a good positive cash flow and it's a long term investment, you might want to just hang onto it.