We both are putting 10% of our income towards retirement and using the FSA for Health and Dependent and we are still owing money on taxes.  

My dilemma: The bank with whom I normally work is telling me that they will not allow me to have more than 4 mortgages in total (which includes my primary residence).

Here is my dilemma: is it fair of me to ask someone to put forth the funds to acquire the property that I will rehab at a cost and expect a fair split on the flip?

If the rehab over-runs your allotted, you'll be prepared for it.You're usually always dealing with the who's who of mental health.

I find it to be a health hazard.

And get referrals from agents.You can use bandit signs - We buy HousesYou can develop a marketing campaign with print and PPC on the net and social media.You can drive for dollars.Here are others.Place a newspaper ad (major daily)Place an ad in Pennysaver, Thrifty Nickel, Greensheet, etc.Bandit signsDrive neighborhoods looking for vacant houses and FSBO'sCall FSBO adsSearch MLS for junker propertiesSearch MLS for expired listingsContact landlords who are evicting a tenantContact landlords with properties for rentPre-foreclosuresForeclosure auctionsREO'sHUD & VA housesTax salesEstate salesProperties with outstanding building code violationsProperties with outstanding health code violationsCondemned propertiesFire damaged propertiesOut of area ownersNetwork with professionals, i.e. attorney, CPA, REALTOR®.Network with service people, i.e. letter carrier, pool service person, lawn service person, newspaper delivery person, carpet cleaning people, plumbers, etc.Bird DogsWholesalersMagnetic car signDistribute business cards EVERYWHERECareer attire (Polo shirt with embroidered "I Buy Houses" logo)FliersDoor hangers

This becomes a health and safety issue and can require a 24 hour eviction.

Looking to BRRR (Buy, renovate, rent, and repeat).Now for a few dilemmas that I would love and truly appreciate a little guidance on:I am new to Houston and am unsure of the best locations to buy my first investment property.  

My dilemma- many times throughout the day I'm on conf calls are meetings that won't allow me to answer my phone.

I suspect that people avoid hoarder houses partially because so much is hidden that you really can't know a lot of what you're getting into until it's cleaned out, but also, many of those places are downright hazardous to people's health.