Can you please share more of what you're looking to achieve?

Welcome @Steven Catudal This is a great place to meet like minded investors.  

I would also say that while refinancing could improve cash flow, it's speculative, so you would want to ensure you have a solid strategy in place to manage the negative cash flow.

We hold title as tenants in common  with an assumed 50/50 share of each property. 

A well designed software can do the work and accept/decline applications in the first the place.

Your money is working for you in two places at once, you get insurance, and you can repeat the process with very competitive rates and flexibility (particularly for fix/flips).2.

Other small items:    Our drywall was already cracking in 15 + places, but we thought we could get it done a week or so after the foundation lift.   

As I don't have large down payment, I am thinking to start building a portfolio with finding off market deals that have equity and do bit rehab/renovate and later get refinanace to pay off HML with a traditional lender/DSCR loan. please share any thoughts on my plan and any lending resources.

Depreciation: For investment properties, you can depreciate the property over a set period, reducing your taxable income.5. 1031 Exchanges: This allows you to defer capital gains tax by reinvesting the proceeds from a sale into a similar property.Feel free to ask any questions or share your own experiences!

So it sounds like the two cousins have to split everything 50/50 unless they have some sort of partnership agreement in place?