My JRT (joint revocable trust) that I already have and buy umbrella policy.  

Additionally, national lenders like Chase and Wells Fargo have strong multi-family loan programs that cater to out-of-state investors.Scaling OwnershipGiven your available cash and equity, here are a few strategies to consider:Leverage Existing Equity: Utilize the equity in your current properties through a cash-out refinance or HELOC to increase your purchasing power.Partnering with Other Investors: Consider syndications or joint ventures, which can help you scale more quickly without using all your own capital.Diversify Markets: While the Midwest is great, keep an eye on emerging markets across the country that may offer similar benefits.Focus on Value-Add Opportunities: Look for properties where you can increase value through renovations or improved management.I specialize in selling new construction duplexes in downtown Indianapolis, and I’ve found that multi-family properties here provide strong returns.

And there's ways to do that without much risk using a joint venture with other investors.

We borrowed money from my wife's mother for a joint venture flip.

If there is a lien holder they are usually more picky on distributing the money and will often make the check payable to you and the insurance company (jointly) who will then piecemeal the money back to you as repairs are completed.  

Any amount you “save” Will be lost in inferior advice, execution, or opportunity. 

If you’re short on down payments, here are a few strategies to consider:Leverage Equity: If you own any properties with equity, consider tapping into that through a cash-out refinance or HELOC to fund your down payments.Seek Joint Ventures: Partner with other investors who can provide the down payment while you manage the property or contribute in other ways.Explore Creative Financing: Look into options like seller financing or lease options, which might require less upfront capital and can be structured to fit your needs.Consider Private/Hard Money Lenders: These lenders can offer flexible terms and quicker approval compared to traditional banks.

Monthly joint income is 7X the rent and one credit score is 630 another person is: 712.

My husband wants to keep his Nevada state residency to file income tax there (NV doesn't have state income tax) but we would like to file jointly for federal income taxes.On the Utah State tax website it says: "A married couple who files a joint federal return may file separate Utah returns ONLY IF:one spouse is a full-year Utah resident, ANDthe other spouse is a full-year nonresident."

But it was reported on your joint tax return with your wife (as long as you file a joint tax return).