That might be a win there to get rid of that depending on your rate/etc.Travel rewards - welcome to the fun!

Can we simply add him onto my account as joint holder in order for him to have proof of funds to close A.S.A.P and not run the risk of loosing the property?

Additionally, many expensive markets simply serve as a safe place for big money to be placed and protected.

Real estate is also to help others to find solutions for their challenges ..... we help a few business to gain money and we offer jobs to a few contractors to help us with our project , we make some profits so win win situation .

@Viviana Ramirez you dont NEED to work with a wholesaler, they are simply another resource that you can use.Don't worry about if they're nice and friendly, worry about the deals they have.Local REI meetups are a place to start networking.

The MPP Formula (detailed analysis) requires you to itemize your Fixed Costs (instead of just simply applying 15% of the ARV).

That does not mean you just simply pay less, it will have effect on your entire investment (longer commutes to check on things, lets buyers / renters, more days on market, lower rents, lower appreciation, etc).You will still need about 30-50k in cash to make this happen (20-25% down, repairs, closing cost and other expenses so keep that in mind.You also said "cashflow from day 1".

Anthony,While I admire your hard work and commitment to pay off your debts, it seems with the refinancing of your BRRR you simply traded short term debt for more long term debt. 

Additionally, someone else is helping you build that equity...that's a win.

I agree to what the other posts here had to say....just one point, I find that I  don't put such a focus on 3 times the rent, simply because it's  not a one size fits all, a single person has much much less expenses than a married couple with 3 kids.........I look at each situation individually