I know it makes it easier for the bank as far as paperwork but my gut tells me to just keep them separate. 

DETAILS:The home in question is essentially a "family" home.

So essentially we wouldn't be doing anything with it but letting it sit there and pay for the expenses as they come up.

Essentially item for you to find is a lender with no overlays.  

Which the seller was happy with, even though we didn't use that lender.So now I'm in the process of putting together paperwork and contact information for my new tenants that I'll be getting on April 1st!

They essentially will need to apply for a tax ID # (ITIN) since they normally don't have a SS# and setup a U.S. bank account to take in their distributions from the partnership which are typically paid quarterly.  

Essentially THDA is going to provide $60 million in down payment assistance to 4,000 home buyers in selected zip codes across the state.

There's actually like 3 options: you can have an S-Corp, an LLC, or an LLC that's taxed an and S-Corp. personally for flipping, I like S-Corp tax advantages although there's more paperwork and bookkeeping required.

You may need some paperwork from the seller to make it happen... but if they want to sell, they should be willing to help.Good Luck!

The problem is we don't have a ton of cash right now (less than 10k), but we only have a few weeks to get this deal before the seller lists the properties.We just submitted the paperwork to refinance our current duplex (that we live in, the 203K), and we should have about 20-60K in equity in it.