Looking for current trends.Also I know there is a flood situation in Mobile County, so which areas should I avoid.Thank you

I know you're into flips, but I’d suggest starting with turnkey properties for out-of-state (OOS) deals.

Once you know the answers to the questions above, you can better evaluate bids you receive.

I wish I could point to an all in one system that could help, but they don't exist as far as I know.

This is a very technical question and most tax advisors might be hesitant to address it here not because they don't know but because it requires quite a bit of additional information.

I'm interested in that region but know nothing of Penn Capital.

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

I'd be happy to give a quote.Let me know how I can help.ThanksCraig  

Your lender will likely base the loan off just one income/credit though (at least that's how my lenders have done it)I would personally advise against it - life is a windy road and you never know when one of you may want out of the deal even if both have full intent to stay in from the onset.

The reason you can generally only participate if you are accredited is because regulators know that it is easy to get taken in these deals and it is assumed (wrongly so IMO) that if you have a higher net worth and can plunk down a big chunk of cash that you have the sophistication to understand the investment.