From my experience, most people don’t pay much attention to their tax rate until it’s tax season, but a small percentage are proactive and keep track throughout the year.

That will help other investors who are looking to partner, to get a better sense of what you're looking for and if it fits their needs. 

What is a good price range for a first house in Louisville knowing I have enough saved to make a large down payment if need be? 

If they are simply joint owners of real estate through a partnership, his w-2 hours would not help for REPS status, they would hinder as TP would need to work more hours managing their personal rental properties than working at the w-2 job and meet 750 hours managing them as well. 

Have you spoken to a lender about how much you can borrow?

You need to have someone to walk it. 

Help Daniel, those areas might cashflow but appreciation will not happen you will need to look at more expensive areas and higher class areas .

You need to know what their minimum trip charge is and hourly rate. 

I expect the property needs to be fixed up a lot 

I formed an LLC with my dad and need some advice on how to split up ownership percentages.