In other words, you submit an offer and it is accepted, but you can't find a partner or way to actually pay the downpayment and rehab costs.

Would it be acceptable if the partner doing most of the work contributed less or potentially nothing and still split the profits equally?

Keep in mind that even if the insurance company is willing to accept the liability, you may get very little back.

Most owners will not accept an FHA contract if they have tenants in place (if they know anything about the FHA buying process). 

Let her know that this is your property and it being unclean and not maintained is unacceptable to you, a violation of the lease, and you don't care if in her culture this is acceptable.

I tend to buy in the Southern half of the US for 2 reasons:1) you get much higher year-round occupancy rates in the South & it’s simply tough to earn a good ROI in the North if your place sits vacant for a big chunk of the year2) Culturally, the Southern half of the US seems to be a lot more accepting of STRs regulation-wise.

Taxes are not cookie cutter and whether or not to elect an S-Corporation is based on a ton of different factors including your other sources of income, your retirement goals, your overall income levels and tolerance for the formalities of managing a corporation.If you've got a W2 at anything close to a decent wage, an S-Corp can cost you in taxes rather than save, so be very careful about handing this out (or accepting this) as blanket advice.Whether or not to use a different LLC every time is more of a legal question. 

How we work it is if an applicant is accepted, they have to pay a "holding fee".

The Renter stated she wanted to move because one of her neighbors was paying $50 less for his rent house and my house was over priced....I did not offer to reduce the price...PLUS I knew I could increase the rent $100 per month if she moved, so I readily accepted the 60-day notice.            

Originally want to use FHA loan to “house hack” either one of the properties BUT it is taking forever for the paperwork and underwriting to complete in order to know how much I am allowed to borrowMy mortgage lender (close friend) says that I should wait before placing a bid in order to know my borrowing $.What I am thinking: Place the bid anyway and if we negotiate and I get an acceptance on the property, FUND IT WITH A PRIVATE MONEY LENDER 100%.