I file jointly with my wife (both have W-2's) and I have one rental property that is under my name.

I am joint owner with my mom on the deed of a rental property. 

Also just so you know, they are not Hard Money Lender's they are your joint venture partner in every aspect of the deal.

I get the need for them (I guarantee I will have them) I just don't like it being the knee jerk reaction.

So that's why I'm trying to organize a joint lawsuit with everyone who has had a similar experience with them.

If you have a deal and you're willing to contribute some time & sweat equity, you can consider joint partnerships &/or equity partnerships.

In short, if you're not renting every week of July-August and every weekend of the winter, you're taking losses, particularly given the ridiculous prices I'm seeing new investors pay farther north in vacation areas like North Conway or the White Mountains.And looking solely at North Conway's recent court case is a red herring: plenty of small towns around the NH continue to enact knee-jerk reactions and excessive permitting/regulations as a reaction to STRs assumed role raising housing prices and shrinking supply for local residents.

Long term buy and holds are typically more suited as a principal investment strategy and perhaps a Joint Venture. 

The SMLLC was treated as a disregarded entity for tax purposes (married filing jointly). 

orSeek, a joint venture with let's say a 10-year balloon.Forget traditional lending you have to think outside the box.