@Joseph BraunAs many people said you have to be careful with the areas u invest.

Would it be logical to STR instead of LTR after project is finished and I move out (I no longer have to U-Haul furniture across the US 2x a year and I can look for markets beyond the Southeast and Midwest)?

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.

they are buying the assets and closing.. and the big ones are all licensed.. so you can have an employee work for you in a very narrow scope.. but why u would want to do this is weird.. there is no real money in it and over time your not building a career your just wasting time. trying to figure out how to stay on the fringe.

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. 

U know like banks that have long lost accounts.. escrow money that is refunded and cant find the borrower ( this happened to me personally LOL)  those funds go to the transportation department at the state.. so who could figure that out with out a little digging. 

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...