Let me know if you have any specific tax questions.Just so you are awarePA does not follow the federal guidelines for 1031 exchanges(does't apply in your case if you are flipping but i thought i'd let you know if you were thinking of alternative exit opportunities).Also PA does not recognize NOL's at the state level for individuals.

If he has an LLC or corporation he may be able to hire you as an employee and then you can manage as the 'owner'. 

It comes down to your level of liquidity and your comfort level.

Can anyone recommend a decent HVAC guy that is local? I have 3 boilers of varying ages that need to get serviced thanks,satha

I would be using an FHA loan and obviously don't believe Milwaukee will be at the same fenzied level as Boston but would like to gauge the market as I begin to plan.Happy to connect with local resources to discuss options. 

Or maybe the house isn't in a good area of Colorado and you believe there are better options to invest your equity. 

I would be using an FHA loan and obviously don't believe Milwaukee will be at the same fenzied level as Boston but would like to gauge the market as I begin to plan.Happy to connect with local resources to discuss options. 

We live in Aurora (Farm @ Arapahoe County, near Parker CO), so prefer someone within decent proximity (Denver is close, Aurora, Greenwood Village, Parker CO, etc).  

I can say that one of the units is at ground level and I expect that will raise the insurance cost some.Do you know of/have a rental property calculator somewhere?  

@Wagner Alcivar, if your girlfriend will be occupying the property with you, then, you should have no problem but not as a non-occupying co-borrower.