Investors/Partners: Build a network of partners for joint ventures, sharing risk, and increasing buying power.5.

@Lia Veit  Maybe Try joint venture for the first few flips with investors on this board whom you can meet at meetups and then you can have better idea of how REI works

This doesnt mean DSCRs are inferior products; theyre great for what theyre meant for, which is relatively cheap, permanent financing for real estate without having to jump through the hoops of a Conventional loan. 

JV (joint venture) with someone to show you the ropes and then split the earnings 50/50.  

You must work at least 750 hours per year in a qualified RE business.So most people who have high-earning W-2 jobs outside of real estate won't qualify.But the unique thing about RE pro status is that even if you don’t qualify but your spouse does, you can both file jointly and claim the losses from your RE investments to offset your other active income together.It's an incredibly powerful benefit if you do meet the criteria.

My leases make tenants "jointly and severally" responsible.

Some lenders might allow you to add renovation costs to the loan to help you finish the project and avoid a loss.Explore Other Financing Options: If your hard money lender isn’t flexible, you might consider private lending or even a joint venture with another investor.

If they are simply joint owners of real estate through a partnership, his w-2 hours would not help for REPS status, they would hinder as TP would need to work more hours managing their personal rental properties than working at the w-2 job and meet 750 hours managing them as well. 

They have joint and several liability.  

I was told the transfers were stopped and accounts were suspended because 1) our joint LLC account doesn't have our name on it...