My main goal here is cash flowing.

Main Questions: What does it mean to "breakeven" when renting out a room in your property?

What many investors are learning is that this leads to terrible outcomes including paused distributions and loss of principal invested.You are technically correct that debt will always multiply returns.

I think the main drive for me would be the agent commisions savings down the road, as well as maybe picking up some deals here and there (with other's guidance)..do you think that is a feasible option?

The main benefit of an LLC over home insurance is that it provides personal liability protection, so if something goes wrong, your personal assets are safer.

I did realize after I made this post that the Applicant's monthly car payment of over $700 is actually included in the total monthly debt obligation which is above $1300 so I over calculated the car payment into the expenses. 

by you guys if your including me.. in these private notes we self service.. in institutional notes I believe by law you have to hire a servicer that is licensed to do so.

Hi Craig,If you own a majority of the LLC and you are the personal guarantor of the loans, lenders will likely include the LLC owned properties in your DTI calculations.

The equity potential of course, but mainly I was trying to solve two issues - on one end, the seller was struggling financially and needed to sell her home but investors were aggressively trying to take advantage.

This property had an unfinished basement and fire damage on the main floor.