I am not going to answer your question directly because it would involve teaching and there are a lot of points to learn about this.

Material participation usually requires that you work more hours than anyone else involved, including your partner, making this qualification tricky in partnerships. 2.

I have been trying to find a good program to join I also live in Dallas and looking to get involved!

:)  Did you get into larger multifamiliesI have business partners who are exploring larger deals, so I expect that I will eventually be involved in them.

Small Claims Court is also good, pro is you get an enforceable judgement so if anything is unclear such as damages amount that will be determined, cons are time and expense involved and once you win the big challenge is enforcing the order.  

Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.

You could buy out the partner over time using part of the cash flow generated by the property.Consider a silent investor who provides capital without day-to-day involvement.

I'm reaching out to share a cautionary tale based on my recent experience with a fintech bank issue involving Yotta and Synapse.

I have done a little research concerning probate where I live and I am finding in my county the probate listings do not say if there is real estate involved.

I think being very involved in the tenant screening early on can help mitigate this risk.