Objective is to purchase a an owner occupied 3/2 duplex or triplex, with a 75-80% ARV (for under $325k; financing 80-85% via conventional mortgage via portfolio lender), in South (north of William Canon) or Northwest Hills of Austin, Texas that generates enough rental income to pay my mortgage, taxes, and expenses enabling me to live rent free for a year and then cash flows positive the year following (so I can purchase my next property).

If you have been accounting for this improperly that indeed will need to be cleaned up since it sounds like you may have not given proper credit to the Buyer/Borrower's payment to principal.Stop making this about a regulation that you do not really understand and make it more about what you are doing and how it was actually setup.  

Hi guysQuick post to say hello and introduce myself briefly.Live in Wilmington NC.Been absorbing info from BP podcasts on my tedious 1 hr commute - thanks Josh and Brando, you keep enlightening me.My grand plan is to rehab and flip properties to build equity to get buy n hold passive income generation, with a view to employment replacement or at least to subsidize it.So that my plan in a nutshell.Say hi if you're in the area, or just say hi cos you're nice.Thanks guys

That's a time waster for us, so I have a deal-scrubber who talks to the birddog lead generator. 

And I stumbled upon a local community group specifically in that area that cleans, fundraises, etc.Property is newly, if slightly rehabbed (last month).

The sellers have kept the property immaculately clean and fully updated to today’s standards.

Invested was incorporated in 1993 and the company has generated nearly 100 properties to date.

If you did it on your own platform it may be worth it, but then you'd have all of the costs of generating your own investor flows.  

In Cali, we (landlords), are not entitled to any proceeds generate from an application, i.e. you charge $39 for the application fee but receive a valued landlord discount for 10 bucks from the service you use for the background check.

If you are looking to generate cash flow faster, you could purchase a turnkey property that has already been rehabbed and is generating income.