My goal is to live in the home during the winters, maybe 3-4 additional weeks for vacation, then rent it out to help cover the mortgage the rest of the year.  

Can you share some additional numbers about the investment property you're looking to buy?

Quote from @Chris Seveney: Quote from @Devin James: In 2021, we saw buyers upgrading to larger homes, taking advantage of 3% interest rates to afford an extra 300+ square feet.Today, smaller homes are selling much faster as higher rates make additional square footage less affordable.While rates are historically average, I don’t see them dropping significantly.

In addition, I've helped many other investors finance their deals as a mortgage broker.I'm happy to share my experience as both an investor and lender.

@Kaylee WalterbachI would like to learn more about this Momentum 2025 Summit, where can I find additional information?

If we sense there is a red flag, were asking them to upload additional documents like tax returns w2's etc.

@Ryan VienneauAre they able to set-up your credit cards as additional "accounts payable"?    

The only additional thing we do is send them to collections.

There will likely be a partnership return required where you flipped a house with a partner and lost $120,000.If you sold the other property within the same partnership, it will also be reported on that partnership return.The net result to you is that you will receive a K-1 showing your income / loss which you then use to report on your individual return.If you made no money within the same year, you likely pay no additional taxes / get no additional refund.Best of luck.

Additionally, regarding the legal structure, an LLC seems to be the most suitable option for our situation.