If your partners are truly silent you are selling them a security so you need to file the appropriate exemptions and have the proper documents drawn up for your offering by an SEC attorney.

Electing out of the self-charged rules might be appropriate if the taxpayer has plenty of passive income but needs portfolio income to be able to deduct any investment interest expense.Loan to family members to provide Financial Gains for Both Parties.

what is appropriate in this scenario? 

Terrible way to buy one house but it can work out well at scale if you factor in risk appropriately.

It's likely not appropriate to do that but I either never learned that or I don't really care.  

If there are things that he cannot do, he has my permission to get appropriate contractors. 

Do you need 85k to furnish a house to make it appropriate for Airbnb? 

Hey guys , so I purchased my first home (2 family) in 2019, took me about a year to rehabilitate it, so I moved in 1 unit and got the 2nd rented august this summer.Im now looking to refinance and the branch manager from the mortgage company suggests to use the equity on the property to refinance out of fha and in to a conventional loan.I was thinking of doing a cash out refinance to buy another multi family and possibly repeating the process.

As long as I make sure the numbers are solid before going forward and keep the rehab appropriate for the rents it will pull, I should be okay either way.

@Michael Elefante once you figure out what will be an appropriate number of guests you will also have the issue of educating guests and cleaning staff.