Hi bigger pockets community I'm new here and excited to dive into real estate investing, particularly interested house flipping, rental properties, learning to talk with investors and learn from your experience doing so. any advise or resources for a newbie is greatly appreciated !

A few things we’re trying to figure out:- Is this type of setup advisable, or are we setting ourselves up for trouble?

Since the property generated rental income for most of the year, you’ll need to report it as such on your tax return.

Readers are advised to seek professional advice.  

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These forums are great for idea-generating and hearing from others, but do not replace the advice of a qualified professional. 

But with our tax guy retiring this year, I'm thinking it's probably a good idea to bring one on eventually, someone that can advise more thoroughly on this and other issues as well as file taxes.I still wonder if filing seperately could eliminate some of the headache we have with his ex.

As you probably know, because you have your long-term rental, real estate is one of the best investments because you can generate income, take depreciation, and potentially offset some of your W2 taxes, especially if you’re actively managing rentals.

I'm piloting a new construction program that's building a generational style home 6 bedroom 4 bathroom, 2500 sq ft house in a class B/C area.

I would highly advise keeping a seperate reserve amount for each property not tied into your families emergency funds.