Consider forming an LLC for liability protection or an S-Corp for tax efficiency if flipping frequently.This post does not create a CPA-Client relationship.

They always make sure to have line(s) of credit to get them through challenging periods.

From your current property--50% towards reserves, 50%s towards DP #2 & 2nd house reserves.

I've consulted a few times over the years with planners and with the way I buy properties, my liquidity requirements, and my concerns about about how government overspending affects the future, makes me a poor candidate for IRAs and 401(k)s with the stifling regulations.   

Put a lien on the property(s) they own, this is needed by some court action (i.e. lawsuit in civil/criminal court) 

What they said ^^^^^I just called my Homeowner's Company (State Farm) and told them EXACTLY what I was going to do with the STR house(s).

Good job 4's are the way to go! 

.- The signed P&S and the arears cleared up will stop the foreclosure.  

More about the concept of STR tax savings is here:https://www.biggerpockets.com/forums/51/topics/1122635-the-s...As to one CPA saying that your losses would still be passive, we cannot comment.

CORRECTION from above statement(s): Many Lenders will NOT require you to be a Personal Guarantor of a loan your partner gets.