If you plan to do one BRRRR after the next then you will still be utilizing the money so it won't matter that it is not a revolving line.A couple things to consider though - if you refinance and your payment goes up will you still have a good enough Debt to Income ratio to refinance your rental property?

Also, that means for one loan, two parties (or however many are on TItle) have their credit/debt servicabiilty dinged by the full payment.

By selling, it will restore your VA entitlement to buy another home with zero down, as you mentioned. 

It depends on what your current DTI (debt to income) ratio is, and also when you decide to buy the car.

TL;DR: If you were just starting out, with basically zero debt and costs, a low six-figure salary, and $140,000 to invest, with a desire to get into real estate, “connections” to a team of contractors and a great real estate agent specializing in distressed investment properties… What would you do?

The issue I'm discovering now is that, when I go to apply for a mortgage once I have completed this live in Reno, my debt to income ration will be too high.The solution I was planning to do is to add myself to the title of her home as joint tenancy and rent it out, at which point, I could claim 75% of the rental income towards offsetting my debt to income ratio, which would likely qualify me to obtain another home loan for another personal residence for my family to call our actual home.Does this seem like a sound solution or am I missing something?

Can be adjusted if really need to.Monthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: Outside of their current home loan, only a lease on a car at $760 a month.

Property taxes, insurance, utilities, lawn care/snow, debt service are all holding costs you need to account for.

The only thing the lender gets concerned with is debt ratio.

I highly recommend that you reach out to both a fix and flip lender and a debt service coverage lender prior to signing an agreement of sale.