In addition, owner loaned us $100,000 at 6% simple interest for one year to make major repairs (installed heat pumps, replaced boiler (for heating water only), replaced some siding and major roof repairs.)We were very clear with each other what we each wanted out of the deal.

Analyze properties based on rental income and expenses.

"wets" likes water, storm, sewer, and "dries/dry" like gas, electric, etc.

Include this in your sales pitch when reaching out.3) Offer STR services to build up cash and get your foot in the door...Cleaning, eyes on the property, landscaping, running to the store, small tasks such as a mail collection/trash day, offer a STR experience such as setting up for bachelor/bachelorette parties or grocery runs, etc...I think there's a missed opportunity with service based businesses and STRs. 

Now, I own a wholesaling company based in Tampa Bay, and we do deals throughout Florida so feel free to reach out with any questions. 

Based on how you answer the questions above will dictate the responses from other BP members. 

Your DTI for a mortgage is based on the mortgage payment.

I'm not an expert but based on my personal knowledge. 

However, based on our conversation, this strategy might unnecessarily complicate things.As a 1099 contractor, can I deduct all upfront expenses for the STR upgrade, as I did with my San Diego property?

I believe learning by educating yourself is the best base for achieving success.BRRRR Hard CopyBRRRR on Audible (1st and 2nd download w/ audible are free I believe)Good Luck!