I wouldn’t be with him now if he was any type of scoundrel because I want a peaceful life haha"The records looks like below (total 4 with same date but different case numbers and details)Case detailsCase number: D-1-DC-19-202027State: TXCategory: Criminal/trafficSource: TX Department of Public SafetyJurisdiction: AustinOffense details #1Type: Felony state jail felonyDescription: Poss cs pg 2 < 1g (attempt to commit)Offense date: 03/23/2019Offense code: 35990020Suspended sentence: tx2270000Disposition: Convicted - lesser chargeDisposition date: 08/26/2019NCIC code: 3599Court: TX227075J - 147Th District Court Austin=========================================================Offense details #2Type: Felony state jail felonyDescription: Att/Pocs pg 2 <1g (attempt to commit)Offense date: 03/23/2019Offense code: 35990020Suspended sentence: tx2270000Disposition: Convicted - lesser chargeDisposition date: 08/26/2019NCIC code: 3599Court: TX227075J - 147Th District Court Austin=========================================================Case detailsCase number: C-1-CR-19-203552State: TXCategory: Criminal/trafficSource: TX Department of Public SafetyJurisdiction: TravisOffense detailsType: Misdemeanor class aDescription: Unl carrying weaponOffense date: 03/23/2019Offense code: 52030027Suspended sentence: tx2270000Disposition: ConvictedDisposition date: 08/26/2019NCIC code: 5203Court: TX227173J - Travis County Court at Law 9=========================================================Case detailsCase number: 19-1919-K26State: TXCategory: Criminal/trafficSource: TX Department of Public SafetyJurisdiction: WilliamsonOffense detailsType: Felony 3rd degreeDescription: Deadly conduct disch firearm indiv(s)Offense date: 08/29/2019Offense code: 52130005Suspended sentence: tx236065cDisposition: ConvictedDisposition date: 05/05/2021NCIC code: 5213Court: TX246015J - 26Th District Court======================================Case detailsCase number: 19-0832-K26State: TXCategory: Criminal/trafficSource: TX Department of Public SafetyJurisdiction: WilliamsonOffense detailsType: Felony 2nd degreeDescription: Agg asslt w/Deadly weaponOffense date: 03/23/2019Offense code: 13150005Suspended sentence: tx236065cDisposition: ConvictedDisposition date: 05/05/2021NCIC code: 1315Court: TX246015J - 26Th District Court

However, like I said, if I were to actually carry out the strategy I basically "back-of-the-enveloped" this morning, I would add some ingredient involving greater effort and greater likely profit, such as short-term rentals, to guarantee positive cashflow.Let's look at the position a hypothetical investor like OP would be in if she actually bought 13 multi-family properties like the ones I described.

I would also continue to nurture those relationships with the bigger investors you mentioned you already know.

Any net losses will be suspended and carried forward to subsequent tax years until used up. 

I would want some major security deposit on file - maybe 6 months rent (personally), and / or possibly have them carry an insurance policy with you as the named insured for a descent value for any damages, etc - with the policy specifically written for the type of business they are actually running.

That's a very large book of physical cards to carry around.Whatever you go with, ensure it works for you and your team.

Sub2 carries a LOT of risk, it does and you know that, everyone informed knows this. 

I believe the 30 Day Notice is a carry over from the CARES Act.

I have a reasonable number here that gets carried to Schedule D line 19.

I cleared $10k on my first one.We ended up clearing $30k on the second one.The last flip was very stressful for my wife and she wants to keep our finances (HELOC) out of the next one.I am going to look to find a financing partner to cover the carrying costs of the next flip.On a $400k house (average for my area), the total investment would be $85-$95k and would be paid directly to the lender and subs/suppliers, not to me.I can bring the lender, as I have a good rep with the one I use.I will do all the rest.