Also, when picking a lender, make sure you pick one that is very familiar with BRRRR strategies, has access to hundreds of lenders to shop the best Hard Money and Refinance partners for you, and that can give you advise on the front end.  

It’s advisable to consult with a tax professional or financial advisor to determine the most appropriate approach for your circumstances.

Need some advise on long term tax strategy as a secondary home (out of state) versus an investment property. 

I would never recommend anyone consider anything remotely similar to what you're promoting, and would also advise anyone in our community to avoid this user and his ideas.

@Fahima HilalWhen you wrote the scope for the architect did you advise him to separate the plumbing lines per unit?

Typically what I advise clients is to self manage your first 2-10 units hire your management for 10-100 units and then have the management company scale with you when you get to 100-200 units.

Assuming it will be Single Member LLC (you as a member/manager), it will come back on your schedule E anyway, so only thing you loose is $800 in california and bit more of paperwork but that preps you for future.Note - this is a very high level advise and mostly a personal preference. 

I'm ok with helping her out during a hard time, but is this advisable?

Once again thanks for taking the time out to respond and give your advise.

I would advise you on the DSCR loan to implement/request a low duration prepayment penalty (i.e 3 years - 1 yr PPP).