Is financing involved or are you a cash investor. 

Any tips, feedback, or people interested in this that would want to share some knowledge or even get involved with it let me hear from you. 

What method (Cash-out refinance, HELOC, or Sell), do you utilize to continue your investment strategy when you have equity.

wholesaling is not a full time gig and I'm not involved in it. 

My older sister is already wants to get involved and she's a stay at home mom, so this was a section of the business I was considering having her learn.

If the partners agree to specially allocate one item (for example, capital gains) 80/20 for economic purposes per SEE safe harbor, the corresponding tax amounts must also be allocated 80/20.However, IRS has a framework that can reallocate the partnership items based on the “ partner's interest in the partnership” if IRS determines the method of sharing the partnership items lacks the “Substantial Economic effect” (SEE) To meet the SEE, there are strict rules to maintain meaningful capital accounts including Deficit Makeup Requirement for those accounts.With the requirement, the partner must at some point contribute sufficient capital to eliminate the deficit, and the partner has the burden of the loss that partnership has and the allocation of the partnership will be respected by the IRS.This is a very high-level summary of the rules and is not comprehensive. there are many exceptions as well.Since the substantial economic effect, safe harbor allocation rules are complex and requires considerable additional recordkeeping, it's easier to follow PIP standard. 

I also am involved with my church: a part of my focus is to develop leadership in the youth band as well as a young adult band.

Additional concerns: tax implications, risks, benefits, & any additional information especially involving paying the least amount taxes. 

And all my mattresses get protective covers put on them, as well.Re: furniture, I've gotten some great dressers, coffee tables, etc. at consignment and antique stores, but anything involving fabric/upholstery I'm buying new.  

My questions involves the legality of such a scenario: Can I use an FHA loan if I plan on only staying there on the weekends?