You may be able to collect a management fee as a cost, so it would come out before profit is calculated.Lots of potential downside to bringing on a partner.

You will essentially "freeze" your funds by buying put options to protect you from the downside and then borrow against your account.

Alternative to the LLC with scorp electionI see 3 downsides to running with the LLC with scorp election.1 Separate tax return for each LLC and yourself.2 Unemployment tax on your income- although limited to $8,5003 Ambiguity on what a reasonable salary is for a house flipper.For number 3, allow me to expand on my confusion.

I'm considering a property here in Oahu, Hawaii and wondering if there are any downsides to buying a single-family home that is in a condominium property regime (CPR).

I'd stick to a low/no load index fund as part of the plan and avoid vacation rental markets unless you have a specific, high cash-flow niche that mitigates the seasonal downside inherent in most VR business.

Down side is you can't put food on the table with appreciation, it sucks cash flow out of a property and is way risker than cash flow investing.

The downside to approaching banks is that it is time consuming, and more importantly, it may actually pigeonhole you into only investing one specific way.

The upside of your current job looks to be that it's one you can bail on to take a RE related job with no downside.

I'm aware of the risks and downsides to the markets, and out of state investing as well.  

The biggest downside to assumptions is that the leverage might not be favorable if you're buying the property for a significantly higher price than the seller did.