You don't get to choose who claims the property based on who makes more money.Third, here comes the bad news: you cannot generate tax losses from renting rooms out of your own (or your daughter's) residence.

People sometimes make bad decisions in life and you have to decide whether it is forgivable or not.

I will be happy to learn how paid ads is influencing your other business vs how strategic organic growth can help.

And any loan basically at 65 to 70% LTV total if the first goes bad your going to take a huge risk of loss of interest ( almost guaranteed) and loss of principal..

I learned very quickly that they are bad at every level, but you learn how to deal with them.

I own a property in the Disney market and co-host/manage another 25 in the area.Disney I think is a good market if your goals are more aligned with traditional long term real estate goals, and a bad market if your goals are more immediate gratification and short term cash flow.The major benefit of the Disney market is that it's about the safest market you can find from a long-term perspective. 

Examples of pitfalls include purchasing in an undesirable area, not understanding the market values (vs. list prices), not knowing the rental values (current and market), inheriting bad tenants, buying a lemon, going rogue on renting and management with no contacts / systems / no legal understanding of PA and Municipal landlord-tenant laws, not having trusted resources and contractors in place, using out of state lenders or shaky financing, throwing lipstick on a pig when renovating a house and wondering why it's ARV isn't increasing, tenants are renting, etc.

If wholesaling is the exit strategy, this will show how much of a discount is needed to buy.Major market areaAll real estate is local, but major market areas influence the formula.

We are currently paying down most of our bad debt to put us on a better position to buy, and gaining more knowledge in the process.

When you buy the cheapest materials , and then complain that the work is bad and the worker took money and wont return .