I assume the original?

It is not going to help your DTI unless the lender agress to let the new entity assume the loan or you refinance with the new entity.

Assuming you get a private loan to finance the purchase then do a term refi to get the capital outlay back out it usually isn't a great cash flow place.

That's not a bad thing, I would assume I stand to make some money if they do.

I assume as I go into the deal that all will need the same things such as flooring around $2,000 dollars per house. $1,400 to paint on the inside.

I'm assuming a 3 bd place would cost more than a 2bd place.What about the security deposit?

This assumes your credit is sufficient to make sure you can utilize conventional financing effectively otherwise FHA for the primary home will allow the most leverage at 96.5% loan however FHA adds 1.75% of your loan that gets financed into your loan and an additional 1.35% annual mortgage insurance.

I want 20% for profit so divide 88%/1.2 to get 73.33%.I assume a possible 6 month buy, fix, and sell time and so estimate property taxes, insurance, and utilities for the period.

GP manages and assumes 100% liability while LP(s) only risk initial capitol and are not involved in day-to-day operation.

(assuming 15% discount is bottom line in first round)