I'm a newbe who lives in California and I've been spending the last 4-6 months reading everything real estate related that I can, staying up to date on the forums here and listening to all of the BP podcasts that I can.

What it comes down to is you didn't spend enough rehabbing the property from the beggining, cause you didn't want to spend the money.

Yes this will cause you to spend a little money on interest but the goal is to make you look like a money managing superhero.

You would need to spend more time in real estate than in your catering business.2.

@Tim Coulter It can be frustrating as a broker to spend hours trying to structure a deal for someone who ends up going elsewhere but it pretty much comes with the territory to a certain extent. 

Of course there will be exceptions, but not sure how much time and money you will be spending trying to find a needle in a haystack. 

No, this doesn't protect anyone but we now know he isn't a convicted_____________.

Income earned from flipping will still be income for the purpose of calculating self-employment taxes, but if you spend it on the rental property it becomes a rental expense and will reduce your rental income. 

For Example, my BIL has a VA loan he can use, I have the knowledge and $ to rehab what’s a fair split for using his VA loan and how do we protect ourselves?

Most do this for 'asset protection' but forget to inform/ask their title co and insurance carrier of the beneficiary/owner change.