I find the most important thing when going through the rehab is to make sure you are not over improving the property relative to the other rentals you will be competing against.

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.The site has quite a few tools that can be helpful for new members.

The property could use some updating but is in relatively good shape all around, and came with a 14 year long tenant on a yearly lease. 

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.

My understanding is that HELOC is only a good idea if you pay it back in a relatively short time frame.

The 15% DP, would have wiped out my savings, however, I wasn't overly concerned as I do have a decent gig, relatively low expenses, a healthy amount of available credit and expected cash flow from another investment property in which I would start to re-build my savings.  

If rental income is just another line item on the calculation then I think I can come up with the number.The next related question is what overall DTI does a typical underwriter require for a loan on an investment property or does it even matter if the property is rented and I have a signed lease?

This is a great way to learn and you'll also be doing other jobs for the team in addition to investor relations. 

Question for you...Let's say you walk into a networking event, whether it's real estate related or not, do you bring a business card?

But then the majority partner would need to be very careful to not run afoul of related party rules.