I like the show and recognize the objective for Nicole is not to make money doing a flip; her objective and the producers objective is to create a TV show that will drew sponsors and an audience.

From Investopedia:"Credit agencies recognize that shopping for a mortgage results in a single loan (and not multiple new lines of credit).

Hi All,Before I post my question, I'd like to recognize that there will be a few of you out that there I offend.

So much so, I recommend interviewing a few PMs in addition to the turnkey PM during your due diligence period.

While it could be distributed, it will come out as gain as well; (3) there is no "step up" in basis at the death of the shareholder, except as to the basis in the S corporation stock (which is not depreciable) - thus, the surviving spouse can re-set the basis and re-depreciate the property (or sell it and recognize no gain).Most investors I know either use trusts (a discussion of trusts is beyond the scope of your question), or LLC's taxed as partnerships when investing in depreciable property. 

Congrats on being recognized for your hard work and vision. 

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

Each and every person being interviewed started right where you are at, the begining.  

I don't like to automate this because I think its important to monitor and recognize on a monthly basis where your money is going.

We're looking to put together a YouTube video interview with a fun, knowledgeable Attorney for an upcoming video on the BiggerPockets YouTube page about multifamily syndication.