Be very careful who you take advice from online, you should get involved with a local attorney and a local realtor.

Hi Malcolm, With your strategy of holding multi-family properties or flipping, the key is running the numbers carefully to match your goals.

As long as no “healthcare” services are provided (like medication or personal care), it’s not regulated by the Department of Health.

As everyone said, 20% is fair for a manager to take care of a STR.

Whereas owner occupant buyers are looking at comps, sold prices for similar nearby properties, and don't care about cash flow. 

Most likely your conclusion is correct, but the only way to confirm it is by having a real estate accountant review your tax situation.Also, please read this introduction if you want to better understand the concept:https://www.biggerpockets.com/forums/51/topics/1075919-five-...

However, with your high W2 income and your partner’s weaker credit and cash flow, you might need to structure the agreement carefully.

The bank will make you leave 25% equity in the property - but you also still want the property to at least cash flow some - so be careful how much equity you pull out / new debt you take on.I would do a cost benefit analysis of what your actual gain is in cash-flow on buying a new property with a (currently) higher interest rate (if financing), versus just holding on to the current appreciated property and enjoying that cash flow.All the best!

No idea.. nor do I care :)   Ohhhhhh snap. 

Confirm with the solar company if the loan is transferable and review terms carefully—it’s a potential hurdle with lenders or resale.A DSCR (Debt Service Coverage Ratio) loan might be an option since you’re focused on rental income.