In this situation, can all the partners claim mortgage payment as expense in their individual taxes (or just the partner who owns the mortgage)?

Hi @Radhika S.Memphis, TN has great cash flow properties and Tennessee is a Landlord friendly state.

It is simply far too tenant friendly. 

Had the chance to do this flip with a close friend that did not have to capital to take it on themselves.

I have a builder friend who tore down two houses and put up 3 townhomes on those two lots.  

When they get that commission check That's the benefit of working within a group that is QB'd by a single individual cause any new member gets the benefits already mined by the group.Financing Options: What types of loans or funding sources work best when scaling quickly?

Gray area interpretation up to individual courts which have rendered seemingly contradictory decisions.  

I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23DSCR lenders generally let you vest either individually or as an LLC.

Ironically it's normally the individuals who go to the greatest lengths believing they are protecting themselves who are the most reckless in the way in which they operate their real estate.

I have a friend who runs a meetup over in Springfield, OH which is about 30 min away.