If so, how did you handle this?

You will raise your monthly payment but you will be reducing your loan amount faster.

Jon is spot on, there will be disagreements and you must have an efficient way to handle them quickly.Whatever you do, do not assign each of you titles like Executive, Judicial and Legislative duties.

.:...My understanding is that the highly touted tax benefits of owning rental property boils down to [1] you can write off expenses (but I don't see that as a benefit; I don't think people should pay taxes on money they didn't make), ...Well, for the most part the expenses that are a "write off" reduce income that was actually received in the form of rent; so that basically just lowers net income received.

Also I recently finish creating a system that allow me to stay more organized and effective handle calls from sellers while still working my 9-5.

How do you handle this?

Again, 90% of the short sale listings will likely be handled by a handful of agents.As to your second question, that's a bit harder...

Unfortunately, they're baby loans, under 50k, which reduces opportunites elsewhere right out of the gate.

And for planning purpose, how would you set up the partnership/entities to reduce the SE tax?

My company handles all aspects of home remodeling, however, if you are in a bind, I can try to help you out and send a person or myself to fix the problem.