That's the key component that is usually missing when I hear other entrepreneurs/investors say they don't like QBO.Something else to keep in mind is your entity structure and how your entities file tax returns.

A couple things stand out:- Does your monthly debt service figure include the principal component as well, because if so, that needs to be accounted for. - Closing costs are likely to be higher- DSCR loans cannot be used for distressed properties; it looks like you have the order reversed; you will need to rehab the property first, then get a DSCR loan afterFinally, the returns in rental real estate are not solely from the monthly cashflow.

Since you’re starting out with partners, I’d focus first on clearly defining your investment criteria and roles within the group.

Defining your buy box early will help you filter opportunities and stay focused as you grow your portfolio.

My understanding is that ALL loans are now required to have a conference with the lender to see if a Loan Modification will work.But, here is the difference: if you're talking about buying at auction, that is clearly defined and has a straight path.

@Eric Flatt let me ask an important defining question; Is it that your not able to readily find "deals" laying themselves out on a silver platter, as in years past?

You don't know and you can't define the number. 

Have you defined your overall investment objectives?

The amount per unit is based on a formula the landlord defines, normally bathroom count. ex 4plex with qty2 of 2bed 2bath and qty2 of 1bed 1 bath.

@Matthew Scheer please define your understanding of, "too much debt in our names".Any mortgage debt in your names will be offset by the rental income.