@Mike Terry Yes, it is conservative, but that's because it's the operating expense margin that most of the banks I work with for my clients use in their underwriting.

If you have bank loan (not an agency loan) or no mortgage at all, an LLC is certainly an option.

Looking for in country contacts banks, agents, contractors, recommended areas, etc to prep for a productive visit.  

I try not to involve banks (the cheapest money) you end up losing 45% of Potencial CF.New here but if your able to contact me we can talk more about creating Cash Flow.  

They simply skip over/ignore concepts like vulnerable persons, equity skimming, equity stripping, bank fraud, wire fraud, mortgage fraud, escrow and closing, etc  It's now the "thing" to do.What could go wrong?

I am guessing they probably raised $15-25M from investors for the deal, so while the bank would still be covered investors would appear to collect maybe 10-20 cents on the dollar if they were to liquidate.if that's the case then I don't see buying one year really does anything unless I am missing something ? 

Those willing to go beyond that could be good partners for real estate investors.Traditional banks/Local Banks and non-bank lenders - If they are a portfolio lender, meaning they actually hold on to the loan and don't just collect your payment, then they have the ability to be flexible.

I purchased the property from the Shelby County Land bank. 

While very lucrative - if you don't have enough reserves, it can really break the bank. 

Then your best bet are probably community banks which have more flexibility (albeit worse terms) than larger banks and also worth looking into are DSCR lenders.