Stay with it and do as much research as possible before you pull the trigger on your first multi family.

Keep in mind that the local rankings in order of desirability, as harsh as it may be, are as follows (sorry locals, I grew up in Brazoria): 1) Lake Jackson and immediate surrounding area (Clute not viewed favorably by long time locals) 2) Angleton area 3) Brazoria 4) West Columbia 5) Sweeny 7) Surfside and Freeport maybe tied. 

The depreciation needs to be recaptured later and there are ample opportunities to trigger an automatic audit. 

This type of behavior triggers numerous phone calls to their Quota and after a while, they will begin to see the threats. 

Or, I could get a similar technical job in different industry - I'm just like to move on from aviation maintenance.Until I pull the trigger I am making about 90K yearly in W2 income which could help me buy real estate before quitting since I do not need to, or plan to be making 90K in my next en-devour. 

It takes several events to trigger a RE market crash.

to a land trust for estate planning purpose (which should not trigger the DOS clause, and even if so, you can transfer it back in your name if the lender gives you grief) with the beneficiary an LLC, thus getting protection from "internal" and "external" problems.

I’d recommend joining some of the local real estate meet ups, getting on wholesaler lists and making sure you are ready to pull the trigger when you find a good deal.

Since you're experienced I would say you should have full decision making capacity and he would be a silent partner2) How long you are going to keep the property for (or terms that would trigger a sell such as appreciating 100% in value) and if someone wants to sell their portion, how they will be reimbursed for it (who pays realtor fees etc).

I became an immediate convert, but I always run each recast scenario past my financial advisor before I pull the trigger because you have to look at the entire investment portfolio verses loan rates on debt before making a move.