Additionally, fostering open communication, having clear decision-making processes, and seeking professional guidance in legal, financial, and tax matters are essential for a harmonious and well-managed co-ownership venture. 4 to 8 partners all opting to take the same weekend could lead to some ruffled feathers if a structure isn't in place on some level of hierarchy. 

With the standard disclaimers about tax advice and how everything depends on your goals: If you have a high income, when you cashout refi you may also able to take the interest payments as a write off, which may make your effective interest rate lower than it would seem. 

I am in the process of purchasing a new build property in Tiffin, Iowa, which i will be renting out as a midterm rental.

these are tough.. there is no one who has a for profit business that is writing these especially at that low of interest rate.

Personally, I'd never write anything like this in a public forum (I'd never think it in the first place) as I think it dangerously borders on racism but to each their own.

I really just want to start learning but dont know where to go to self educate to start learning the language, strategies, and processes to start growing my knowledge so I dont sound like an idiot on the phones.

@Yamil Pimienta not occupying will make the process very tough. 

They both lay out and explain the process.1: The Book on Flipping Houses - J Scott2: FLIP - Rick VillaniWell worth the time and very informational.Good Luck!

I do it for a lot less than that, but I’ve streamlined the process.

Simple paper work during processing takes care of that part.