After legal fees $100k was split amongst LPs. 

Yes, they will JV and split a fee for dispo, but you will also gain access to their cash buyers from that point on.

Not a ton of duplexes, but there are a decent number of older 3-4 BR homes on good size lots in that price range that you can either build an ADU or reconfigure floorplan to split into multiple units.

Your buying power isn’t just the loan amount, it’s the total project budget.With FHA at 3.5 percent down on $300K, your out-of-pocket down payment is roughly:• $300,000 × 3.5 percent ≈ $10,500• Plus closing costs (usually $8K–$12K on FHA in PA)• Plus any upfront reserves your lender requiresYour $50K line of credit will need to cover all of the following:• Down payment• Closing costs• Inspections and appraisal• Rehab• Holding costs during rehab• Furniture if you plan to pad-split or house hack aggressivelyBecause of that, most FHA buyers end up in the $250K–$350K purchase range for a duplex or triplex, depending on rehab scope.2.

This would require splitting work across different contractors to avoid one person exceeding my time invested..

So I did a few deals where the partner brought the cash and I used my credit to get the loans, and we split everything 50/50.  

I have considered closing the vents and installing mini splits, but I would prefer keeping the costs lower.

All of their rentals are owned through a single LLC that they each own 50/50.My Mom qualifies as a Real Estate Professional and also materially participates in all of our rental activities.However, our CPA is telling us that only her 50% of the rental activity can be treated as non-passive losses, and my Dad's 50% must remain passive losses, even though they are filing jointly and the rentals part of the same LLC activity.My understanding was that if one spouse qualifies as a real estate professional and materially participates, then the rental activity becomes non-passive for the joint return as a whole, not split based on ownership percentages.Has anyone dealt with this before?

It's a scam.After you pay, who ever receives the money, will split the money received with the fake lender.

What to look for in a good rent-by-room propertyLook for these features:4–5 bedroom layout (or ability to add bedrooms)Big living room / dining roomAt least 2 bathroomsParking for multiple carsSafe area (huge for co-living)Split floor plan or good separationLow HOA restrictionsAbility to add locks to bedroom doorsThe layout is way more important than fancy finishes.