You may be showing as repair cost which is increasing your total expenses in Sch E so your have less income in that year which will effect your DTI.

If the total number of properties is more than four, you may have to amass substantial cash reserves before you will qualify for conventional financing for your fifth through tenth acquisitions.Once you have launched your acquisition plan, the income taxes tend to take care of themselves.  

The fix and flip business would report $40,000 of ordinary income.Your contractor business would report $10,000 of ordinary income($20,000 of income less $10,000 for supplies).Total combined income of $50,000.you brought up a good point with the licenses.

I totally understand that he's likely not going through every e-mail individually. 

And, as noted, a circular saw with a clamp guide (plus sawhorses) is truly your best bet for sheet goods.That said, I built a roll-around storage table with locking casters the same height as the table saw to use as an outfeed support.

Total Repair Estimate?

I have seen this problem rampant in UT as well with low appraisals and I bet all across the country just due to the fact that supply is so low and demand is so high we are appreciating so quickly that appraisers cannot keep up.

I have about 5 credit cards, not tons of debt maybe $12k total between the 5....

You NEED that total number to be less that retail price, or you need to walk away. 

Both tenants looked to take good care of their spaces - house was in fantastic condition.David -- from the research I've done in the area the rent he currently charges seems on par - but I am totally going to check out rentometer - thanks so much for the tip.