Additionally, applicants can (optionally) upload tax forms and bank statements for our review.If you're looking for a website you can utilize on your own @Bruce Woodruff mentioned a couple that are popular.

why would a tax bill wipe out your equity at 60% loan to value?

Also, I believe the tax benefits are horrible compared to the states, but I'm not too sure.

Most cities don’t want a mobile home park in their city limits because the tenants take more money out of the tax system than they contribute.

Note if monthly rent is 0.5% purchase ratio, the property tax will be ~20% of the rent.  

Most people do not know this is a legitimate way to fund your real estate deals and do it in a tax advantaged way.

Before you close, can the rent from your buddy and the midterm tenant cover your mortgage, taxes, insurance, plus a bit extra?

$500 per day penalty up to $10,000 and up to 2 years in prison for willful evasion per entityNo cap on the amount of entity penaltiesCheck with your CPA, Tax Advisor or attorney on this as it is a freight train of compliance coming!

There may be tax implications to that maneuver, so check with a CPA.

I highly suggest you use our marketplaces to find trusted, investor-friendly team members: Tax Pro finder: https://www.biggerpockets.com/business/finder/tax-and-financ...Lender finder: https://www.biggerpockets.com/business/finder/lendersProperty manager finder (if you go that route and don't self manage): https://www.biggerpockets.com/business/finder/property-manag...