I have never done a deal this size and had never really had to get a formal pre-qualify before.

Therefore, we want to hire a new contractor with the right capabilities ASAP.If you are a contractor with experience in projects of this size and nature, please contact me.

Have you used RentRedi or Zillow to list properties and screen tenants?

What size is the garage?

Your capex and repairs MiGHT be higher, although they could also be lower if it’s a quality rather than size difference in prices.

(The three times rent issues screens out the vast majority of Section 8 applicants.  

The 50% rule is just a screening rule of thumb. 

My partner will finance the rehab.Rent- I will screen and place tenants, and manage the property myself for the time being.Refinance- My partner will use his good credit, DTI, and stable income to get a good loan while refinancingRepeatI just have a couple questions about the process:How would dividing cash flow work?

The gross monthly rent is on par for a house of similar size in the Haltom City, Texas area.

I learned that big houses carry a good amount of risk because of the size typically issues will be more expensive that my typical property under 1500 sqft.