Can anyone verify this is OK or is it state by state-regulated based on their individual jurisdiction?  

When I partnered with friends on a multi-unit property a few years ago, we chose individual umbrella polcies from our personal providers.

Whether its for investors, agents, or just a general meet up for like minded individuals .

I understand I can increase liability in each individual landlord policy, but one single umbrella policy is much more cost effective when I have multiple properties.

There will likely be a partnership return required where you flipped a house with a partner and lost $120,000.If you sold the other property within the same partnership, it will also be reported on that partnership return.The net result to you is that you will receive a K-1 showing your income / loss which you then use to report on your individual return.If you made no money within the same year, you likely pay no additional taxes / get no additional refund.Best of luck.

It depends on where you want to live, income, personality, and other factors.You could buy a large home and rent out the individual rooms to cover expenses, but this comes with problems.

@Bob Asad I like the individual sub account method escrow account, but there are multiple different ways to hold security deposits and multiple laws in different states.

Each individual owner can have their own Deferred Sales Trust™, the assets of which can be managed to each taxpayer’s own individual risk tolerance and preferences.9) Net rental income.

Hello, my name is Marshal, and I’m excited to connect with this community of like-minded individuals passionate about real estate.

They view each loan individually and have been lending to me even though I only work my W-2 on a limited part time basis.