My wife and I have done all the terms (short, mid, long term rentals) and have done some live in flips.

On the other, the prospect of short-selling the homes didnt look so awesome either.

How have you found success finding deals in today's market?

Mashvisor – Helps compare long-term vs. short-term rental potential, especially useful if you’re weighing both options. 4.

Like any financing strategy, due diligence and proper financial planning are key to making it a successful solution for both parties. 

but keep in mind CA has higher taxes and reg fees and I’m not doing more than 1-2 flips (short timeframe flips)  a year and many years do 0 flipsDo most flippers put flips into LLC Or in personal name (sole proprietor)  in CA (where you must pay $800 yearly plus accounting and other fees $300to $600+ yearly to maintain LLC) Pros for personal name-save on taxes accounting.

While you are willing to work with them, they are apparently happy to live rent free and don't seem to care about you.I had a long term tenant (5 years) who stopped paying the rent.

Houston is a great market for JVs, wishing you both success! 

You can offset other passive income of gains with depreciation from your long-term rental.  

@Michael Baum how many Short-term rentals do you manage this way where you are on call all the time?