You will most likely need to leverage it via a loan or for a Joint Venture with someone who ideally can contribute $$ and experience (just be ready to answer what you can bring to the table in return).

As I am sure you know, if she can be classified as a real estate professional, all real estate losses can be used to off-set your combined ordinary income assuming you file jointly.

Sorry for the dis-jointed multiple posts, I'm also doing other things...There are bunches of 4-plexes for sale in the San Fernando valley for $1,000,000. 

I actually have bought a note (and have learned a lot from that) and have joint venture investments with other note investors. 

Louis that is doing a lot of training and joint ventures to help get people started in the business.

You also have no idea how the plaintiff’s own actions may have contributed to the injury.States differ on “joint and several liability.”

She was having chest pain, severe headaches, nosebleeds couldn't lift her arms, joint pain, breathing problems, and all kinds of allergy problems.

Use a per person when its joint tenants.

Because our W2 jobs, rental income, and stock sales may put us above the $150k threshold for real estate deductions for married-filing-jointly,  I am looking into getting "real estate professional status" designation by the IRS in order to write off of those interest payments and depreciation.

Some markets are too expensive to cash flow a rental, but thats usually not an issue with flipping.I have done it with a joint bank account, which also serves as a ledger for the project.