I have 2 more deals on standby that I'll be able to pull the trigger on if this one sells...At least one of those would be a fix n flip.I've searched all over the web and read all the fine print in the unemployment, but this seems to be a very grey area.

Before you pull the trigger on your investments, make sure you understand local landlord tenant laws.

@Junji Yokota what kind of business entities (LLC, S-Corp, C-Corp, sole proprietorship, or partnership) do you have?

There's really no one-size-fits-all approach to partnerships.

I would save up more before pulling the trigger or find someone who you can lean on in case things go south.

If you are the owner, then you cannot co-own the property and not file a partnership tax return if the actual intention is the partnership between you guys. 

I am a new member of BP and listen to Real Estate and Money pod casts every week. Me and my wife are working on our plan to be financially independent and our goal is to replace our my W2 income in the next 10 years. ...

@Kyle C.There are lots of other options for investing $50K passively or at least semi-passively:- Private lending / promissory notes- Multi-family syndications- Self-storage syndications - Short term rentals without owning the property (arbitrage or partnerships)There are a lot of investors out there that start with single family and small multi-family rentals.

After so much sacrifice of building credit, getting out of debt and saving money i finally pulled the trigger.

And it's going to get much worse if they succeed in dramatically lowering the $20k threshold, triggering a flood of 1099-Ks.