If it ends up being a partnership LLC then the activity of the property is reported on the tax return of the LLC so it will have to sell and buy the new property.

Appreciation and all.I think you are getting a bit in the weeds with the stuff at the end.

Also remember even with a high amount of financing, the lender will want to see you have reserves to cover the project in case it goes over budget. 

The rate will be high though 

The seller wouldn't accept a lower offer, the renovation cost was too high or ARV not high enough.

Which also means he may not end up with much money  back to the sell it all or cash out refi  Are you you going to try to have two insurance polices: (cousin a’s home owners policy and cousin b’s landlord policy?

With low prices, high demand for rental properties, strong potential for appreciation, tax incentives, and renovation opportunities, investors should consider Detroit to diversify their real estate portfolio.

.- As semiconductor, electric vehicle and other advanced manufacturing companies flock to central Texas, companies in adjacent high-tech industries are piquing interest in Austin.Austin is one of the most dynamic and exciting technology hubs in the world.

In the end it has to profit somehow.

The stats can easily show a high occupancy rate if it's an under served community - which makes sense if there's laws against it.