P&L, no.Reason being, the mortgage is debt service against the balance sheet since the mortgage would be a liability.

Quote from @John Mason: People who say JV is bad do  not know how to structure  it and manage it and the exit strategy..What are your experiences correctly structuring a JV?

Sorry you are dealing with this, but it'll be a good learning experience and you'll be sharpening your skills. 

Based off your first house hack, would you say that the deal you took was worth it in the end, maybe based off the experience or could you have found better? 

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

Here's the link --> "Justice for Renters Act" Happy to share my experiences.

. - Most 5+ unit lenders will want the borrower to provide documentable real estate related investment experience.

Additionally, if anyone has experience financing real estate investments in Memphis or knows of any local resources or experts who can provide guidance, I would be very grateful for any recommendations.Thank you in advance for your help and guidance.

That is what I have found during my experience (in my markets).

From a liability standpoint it's a pretty clear case of an alter ego entity structure which any good attorney will be able to fight through and will add a redundant layer of insurance you have to pay for.