When I saw the house photo I instantly knew this was Houston, TX.I had an identical deal, BRRRR turned Flip, this past summer in NW Houston. 

@Christina LaBorde Doug StutzmanCertified Public AccountantChartered Global Management AccountantMauldin CPA's, PLLCDoug does a wonderful job for multiple clients of ours.

But I've heard investors mention losing millions of net worth overnight  (even the ones who bought at 70% ARV) just because the property comps dropped instantly and they were over-leveraged and were underwater on mortgages. 

I instantly thought of you as the top guru, and your name did get mentioned several times.I'm planning to live in Las Vegas at some point in time.

@Matt Dabek Been in this situation dozens of times for clients and my personal investing here in Connecticut in what is probably the same market you operate in.

There’s a lot to consider, but I and many of my clients got started the exact same way-househacking a property. 

Hey @Pete BroomI generally will have my clients purchase a property in their own names, giving them the benefit of all their normal financing options. 

As for the Baby Daddy as you refer to him, there will be a law, (in my lease I use 5 days) as to how many consecutive nights your client can have a guess.

I'd say I don't have enough experience to know if this is a situation that would be favoring him and his client (which could be his buddy who knows).  

Finally, with the use of Trusts while establishing these structures you can add a level of anonymity by removing your name from public record.When I work with my clients to discuss asset protection I navigate with them through: the size of their portfolio, their level of exposure and their future goals.