To help with you issue of cash flow, consider the idea of financing your rehab budget with your hard money lender.

For instance, if I manage to raise private capital to fund a deal and purchase a successful rental property, how would this actually benefit ME when I have no skin in the game (i.e. money of my own invested)?

I have a CPA that I've used for years but when I brought up the investment to him he said my wife and I combined make too much money so there will be no tax benefits i.e. write offs, depreciation.

Many people lose money on their first flip so this is not bad at all for a first one.

Some other pros and cons but could keep that money liquid and flexible.

You've earned $132,000 more by splitting your money and leveraging it.

Hi Michael,So there's negatively, neutrally, and positively leveraged debt.You don't want negatively leveraged debt because you need to bring money to the table each month to pay for the bill.Positively leveraged debt throws off cash each month.

I will also be paying the mortgage from this account and if I am short, I'm going to transfer money from another account.Is this a good idea and what does everyone do?

Coming back with more money, a condo, and a wife i feel ive reached a time where my eyes wont wander again.

It is challenging but we committed to going there every 4-6 weeks and having a great team on the ground ( will cost you some extra money) but they are the difference in having issueswe have one of the best cleaners in the area and our guy that cleans the grills does all my light maintenance and guest interaction if I need it(pets, too many guests etc.)3-4 hours would be a dream and you can definitely do it but you have to commit to going there every 4-5/6 weeks In my opinion because there will be things you need to address or upkeep- this is obviously only if you decide to self manage.