They don't want people buying property and using a primary or second home mortgage when the use is investment or business - that's loan fraud and tax fraud at the same time. 

If you have multiple people on the company, you ideally want the person with the highest credit score to have the most ownership percentages. 

I do, I want higher quality people and lots of people are moving to Austin

Hey guys, I’m located in NJ & I wanted some feedback regarding to flipping properties in this state as an investor.I come to the conclusion that NJ is terrible to be a landlord in, especially with the process to evict someone.I spoke to a few people who mentioned NJ is great for flipping but I wanted more feedback from others who are familiar with the process here or flipping in general in a state compared to NJ.thanks 

I found this deal by driving around and talking to lots of people.

Keep making your properties and how you run them better to draw more people, save money, and make more profit.

@Michelle Curran - Here is a CSS Decision Diagram flowchart intended to bring together all the various questions when assessing the benefits of a CSS (via a professional or DIY).

Love that you are teaching people about this!

I'm nervous because I've never had a business before and I still have a full-time job as a cloud solutions architect, which I'm really passionate about - so hopefully it won't be my golden handcuffs that may prevent me to thrive as an investor and  I'm excited because of all the benefits and freedoms being a business owner offers, one of which is to connect and collaborate with forums like this and people like all of you, where I can both learn from and hopefully share later as I develop more experience. :-)

And that's OK provided they bring in an accountant, and perhaps one with subject matter expertise in the partnership.