Anything that hits your personal credit reports will lower your DTI so plus minus zero unless you have some other income to help, like a co-signor, commercial NOI, hard money or a little secret coming from true business credit fka corporate credit.

Also Use this website to find qualified architect through the National organization AIA - American Institute of Architect: https://aiahouston.org/v/architect-search/ Search by project type. 

I'm not a huge corporation with access to years of massive data and entire departments of statisticians and actuaries. 

Purchase price: $1,800 Cash invested: $2,000Purchased Tax Deed from Corporate Investor, then obtained a quit claim from heirs.I plan to rehab and do cash-out refi.What made you interested in investing in this type of deal?

As I think about it, if my goal is to build passive income that allows me to step away from my 9-to-5 corporate job, the 401K/IRA funded approach wouldn't allow for that since the rental income stays inside the fund. 

Of this is an apartment building, which is the impression I got, it’s likely in an location or other corporate structure.

I’m interested though in hearing others takes who actually are African American that do business in DC

#s may look good today, but you might bleed out slowly next 5-10 years.Something to consider depending on your life situation (e.g. busy professional/w2 worker who may find better returns climbing up the corporate ladder while creating this on the side).

If you do not properly do all the things expected of an LLC, such as meetings and other things, is easy to pierce the corporate veil.

I am concerned as this is my first I don't yet have that reliable team of contractors and if I buy a distressed house the repairs will come with surprises and seek my corporation before we ever even see tenants.