That’s leverage.One of the first routes I’d explore is seller financing.

Also, explore creative financing options that might balance your partner’s limited credit/cash flow without putting all the risk on you.If you're attorney can't clearly articulate this, maybe it's time to find a new one.

Have you explored any other markets? 

LLC Taxation for FlippingSince you’re flipping the property in under 12 months, the IRS usually treats it as ordinary income because it’s considered a business activity, not a long-term investment.

but careful planning and documentation are essential""...making sure that your wife understands what she needs to do to document her hours and activities."

I will be the one actively managing the property and doing most of the research, and my brother will act as more of an investor.

But I have clients who find the numbers don’t work for them locally so they explore other areas that make more sense for them. 

I’d really like to explore this route as a possibility if it’s allowed.

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