With this loan, do properties have to be "Turn Key" to qualify or can they be used on fixer uppers?

I have a few lenders who do but they still require some money from the borrower so they have skin in the game.  

@Desiree Board For your mix of long-term rentals (LTRs), short-term rentals (STRs), and house flipping, an LLC is ideal for liability protection and pass-through taxation.

Meeting the 100-hour material participation rule qualifies your STR income as active as long as no one else participates more than you, This will allow losses to offset W-2 or other active income.While there’s no official IRS form to track hours, maintaining a detailed log is essential in case of an audit.

What it has, how much it is, what is minimums to qualify, AND most importantly how to do what you want them to do next, CALL TO ACTION.

You should take a break from buying if the deals don't match your buy box, you are out of money, or for several other reasons (partner isn't on board, over-leveraged on different properties, acting out of FOMO, etc.).

Unless you qualify as a Real Estate Professional (which has strict requirements), your rental losses can only offset passive income.

Can your wife qualify for REPS in theory?

On top of that, hiring tribal members for construction or operations could qualify for employment-related tax credits.

If it was a community property state you could file them on Schedule E as a Qualified Joint Venture.