To align with community property laws and avoid legal or financial complications, consider forming a jointly owned LLC with your wife as a member.

That being said I keep all the records for each property separately and have separate checking accounts for each.

If your priority is building wealth sustainably and positioning yourself for long-term financial independence, I’d strongly recommend considering properties like duplexes, triplexes, or even quadplexes.

I invested in a syndication, but it was with an investor that had a long track record.

Seems like you're in a great financial position. 

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

In this case the current financials on the property aren't great(rents well below market value and the owners family living in several of the suites) so the lenders will likely not provide the funding based on poor NOI.  

To assist us, we refined our pitch deck and performed some scenario analysis with our financial models.

I'm also an IU grad and hit financial independence last year (after 18 years of investing and saving).

•Would the $70K+ cash from flipping significantly impact your financial situation right now?