I do the math to figure out these ratios for each applicant which is harder than you think sometimes with people working multiple gig type jobs with inconsistent income because then you also need their tax return to calculate factor their expenses in.

The seller must not have sold a home in the last two years and claimed the capital gains tax exclusion."

Wow Ben that's amazing, any tips on what kind of paint to buy?

Check the LLC is legit and consult a tax advisor for tax details.

Thanks in advance. you think its high, but wait until you have to send escrow statements annually, tax forms, and oh by the way if its owner occupied and you are not sending CFPB monthly compliant statements to the borrower they can contest the loan and be forgiven any default interest. 

Also, any advice or tips you have would be greatly appreciated -- I'm eager to learn and finally start taking action!

You have the cash or you have equity that will be converted to a HELOC, a retirement account that you will pull money out of and be subject to 10% penalties plus your tax rate?

Some exchanger's exchange into a property, rent it out for several years, and then, AFTER CONSULTING with their tax advisor, convert that into their primary residence.  

Non-tax advantaged investing (stocks, lending, etc) in a retirement account. 

@Nathan Gesner Great tip on the month-to-month basis with a 25% increase.