If you don't have a lot of capital to do it on your own, I would team up with an experienced syndicator - he / she has the track record and helps raises the money and you hustle to find the deals.

So far we are on track to flip 25-35 houses this year and I have found all of our own houses. 

I'm sure there are reputable ones with track records and such in that area, but if this one is new to you I'd be careful taking ARV advice from them.

Of course you are still paying your PMI but your out of pocket isn't that much different than an FHA loan.As far as the rental income, unless it's a special circumstance, lenders want to see 2 years of proven experience/income from your units before they count it towards your income.  

Whether or not this deal will work out you are on the right track moving forward.

Hi @Jamal Pathan I was finally able to track down a lender that said they would be able to lend without turning the water on.

Hope you don't feel like I'm side tracking your post, but just thought sharing my story from the opposite side might also be helpful.Had a 3 package deal of which 2 of the 3 were rented and I told him that I would highly suggest having inspections done just for his assurance. 

Definitely use some form of (cloud-based) app to keep track of your properties, in a way that the financial and operational in's and out's are transparent to you and your partners.To that end Quickbooks Online has come a long way for financials.

Now you get to put your other sales hat on and track down a buyer. 

He better start tracking her down or he will never be able to sell this property.