I know BP hates guru's :-) However, I did some bootcamps this year. I know what money I spent wisely and which I wasted. Please save your breath on that.

My question is, am I able to write the cost off? (Th...

Forming an LLC now, minimizes risk and will not only offer you the financial protection of only impacting your properties under the LLC, it will also give you tax breaks for everything you purchase under the LLC.

So I had a tenant recently go through a similar payroll change and talked about the impact with them.

I'd be willing to bet it will be the best option of all since the sooner those payments are made the more impact it will have on the reduction in the amount of interest you would pay.

My thought was to essentially amortize the loan at 10% with a 1 year term and make interest-only payments during rehab, then repay the principle upon selling.

There wasn't anything that we left and he was thrilled to have an essentially brand new place with nothing old to worry about.

Finally, #2-#4 are essentially rinse & repeat: you will have to qualify for each subsequent property considering the debt of prior mortgages, but you will also get to use 50% of existing rental income.

Essentially I'd like to help them get some money out of their sale while also helping me pick up a house at a discount or "creatively" and using it as a rental and or rehab project.

If you do, you may possibly be able to essentially live their for free.

Are you talking about leasing to a group of 3 roommates ("hey, let's all live together"), or 3 individuals who are each essentially renting their own room and then sharing the kitchen and don't necessarily know each other?