I have worked in long-term care for over 20 years now as an Administrator , and now I am running a healthcare consulting business on the side. 

Don't appreciate you sharing my private questions, publicly.#7 though, that's the attitude.

If I were you, I will buy a house with cosmetic work and learn the business first. 

Hi, my wife is expecting a K1 equity payout this year.  Can we use our current investment propeties or purchase another investment property purchase to at least slightly offset the tax hit?  

There are certainly outside cases, but you wouldn't want your business model to focus on that.

There are some other strategies where you can collateralize equity with a portfolio loan or use a private lender, but typically these are better suited to portfolios of several properties.Charleston has a very active investor community - several meetups for different groups each month and active social media groups/pages.

Or Business LOC?

They own a few of the businesses that do work for them. 

Along with my 2 business partners I buy & build small micro-resorts and unique vacation rentals across the Appalachian region.

It's an unnecessary expense to operate the business.