(Where I rent properties, the city has a law that a property can be condemned if people are living in it without water and electricity.) 

My idea is to form an LLC with my partner to qualify for a 100k business LOC with our credit scores (both 700+), our DTI ration, as well as my equity.

For now this is based on trust (no contract between me and her) as we are very long time friends and for me is not really about making money at this point as I'm busy regardless, but more of a help to her.

It's possible that this increase can prevent a lot of people from buying and might even force others to sell.Do not wait for your taxes to increase.

I understand some of the pros and cons of going in to business with friends and family but we are both worried of taking the solo leap into rentals.

Justin Noe of Justin Noe real estate and Twin Pillars Investments has been a trusted advisor and business partner throughout this journey as well.

Hello all,Business is going well, and most of you know me as an investor focused Realtor in Omaha and in the next couple months I have the amazing opportunity to scale that business exponentially as the Acquisitions Director for an amazing Real Estate Company (more info to publish later) but I am actually seeking recommendations for a good real estate tax professional who serves the Omaha area.Basically I am already formed as S Corp but I am forming an LLC (potentially under my S Corp) with myself and the contractors I work hand in hand with to renovate properties with the intent of serving under one "legal" roof when we assist investors in finding and renovating properties for investors and want to make sure we set ourselves up as strong as possible.Any recommendations?

Yes people lose it all, typically because of over leverage or crazy events like 2008 - but if you also have cash reserves you can offset any downside to minimize risk even moreWhen people start using lines of credit and seller financing at 90-100% you are correct those people have a very high chance of losing it all.

Has anyone ever left a golf cart at their vacation rental for people to use to get to the beach?

Also wondering if this needs to be some kind of business account or personal accounts are ok?