As a homeowner turned renter and retiree from another state, I had assets (savings account balance) to prove my capacity to pay the rent for a year and a good credit score to prove my character of paying my bills on time.

If you have a USAA account those are pretty legit CCs. 

Study what is popular in that area. 

1. get deals flowing from wholesalers2. do your own deal research3. find houses that need a lot of TLC4. make sure you have a true comp (more is better) within 1 mile of your subject property that justify a good ARV5. run the rehab numbers w/ someone who really knows contracting6. build in a robust timeperiod to rehab and sale, along with contingencies for time and rehab7. get the best hard money deal you can get8. take into account all of your acquisition fees, escrow, title, HML points, etc...and selling fees (agent comm, taxes, title, etc)9. make sure you can at least make %10 NET of your sell price (so if you sell the home for $500k, your numbers should have you at $50k+ net profit in your pocket when you close and everyone else is paid.Onward!

While searching for an investment, build up your team: PRO's like RE attorney, accountant, GC, inspector, mortgage broker, and RE agent. 

Do I then pay my mortgage from that account?

I would like to use the 10 conventional loans myself but at that rate I could only do 2 deals a year when you take into account the seasoning period when using the brrr method.

Multi family prices have been driven up to levels that certainly don't work for me but also don't seem  to account for the risk people are  taking.

If I ever get big, I would like to pass on my knowledge to others as I go on and that's what I think it's nice to be in a community.I'm going to be studying for the real estate licensure sooner after I finish summer semester. 

In regards to the Borrowers’ front-end ratio, does that figure not take into account the rent cash flow that would be coming from the additional units?