After some years doing that you could move your strategy to make your rental portfolio debt free and you will be able to"retire" at some point :)))

He tried explaining it to me but confused me.Now my loan is falling though because they wont use that income and underwriters will not even look a the settlement sheet for poof that it is a glitch in the system... underwriter said to refile taxes and amend the return but loan is denied because of this and THIS HAPPENED 1 DAY BEFORE CLOSING after title work and appraisal is done.

Once the property is completed the new owner can have the city verified the work is done and ask for a hearing to request a settlement of the lien.

The debt you put on a property will determine how it performs to an extent cash flow wise.Bottom line with banks is they see interest rates rising eventually.

While attending school I've discovered that its not the route for me.I'm brand new to RE investing but have been watching youtube videos on leveraging, profitable cash flows, etc etc.I have bad credit due to past family altercations (sub 670) so financing is out of the question, but am debt free.So here is my situation, I have a business partner who owns a construction company and is willing to front all the labor costs of rehabing properties as long as we split costs of materials 50/50.

I'm getting into wholesaling because i was a debt collector and the skills i gained from that job have carried over.

I have 720 credit score, low debt other than my student loans, which are about 90k.

You're going to settlement in 9 months?

To buy and live in yourself, you might come out ahead verses renting cause of the tax benefits/debt pay down/ appreciation over time. 

The difference in lending will fluctuate based on your debt to income ratio.