TLDR: $750k house in best part of town on a $140k single person salary, with a $2500 mother-in-law suit and 2 extra airbnb rooms. 

Im almost positive that reading Rich Dad Poor Dad somehow contributed to me finding BiggerPockets.

You should only leverage to the point where the investment can still create cashflowIn reality a property that can not produce positive cash flow with a hypothetical 100% financing can never produce positive cash flow without a abnormally high rent increase.

Invest $100, add $20 in value, market goes down $20, but you have cash flow and principal reduction along the way resulting in a positive return. 

The seller will most likely only tell you the positive's about the tenants so if there are negative's you should find out.

However, I have to get a loan for a primary residence later this year so switching to a 1099 position now doesn’t make sense.

My Dad has a lot by way of reserves although retired now, is there someway I could position him where if I did not make a payment he would become liable without actually putting him on the loan?

I’m cashing out of my positions soon and jumping into multi

I did about a dozen fix n flips with Realtyshares from 2015-2017 and they used BPO's every time but my last deal was 6 months ago so not positive if they have changed or still going that way. 

CPA pointed out that while it adds complexity to banking and bookkeeping, running the LLCs as separate businesses and separate banking bolsters their position as LLC's in the event of actual Liability issues that would be better contained in on LLC.