You will need this income and documentation to qualify for loans, so don't take the big leap until you are REALLY ready to do that.  

Rental income and related expenses for both the single-family home and your share in the RV park also go on Schedule E, allowing you to offset rental income with expenses such as repairs, maintenance, and property management fees.The intricacies of owner financing versus traditional lending primarily affect the loan's terms rather than its tax implications.

Would it be possible to purchase a distressed property with hard money, rehab it, and then get a conventional loan?

And in order to make those projected returns pencil-out they used very aggressive/nonconservative underwriting including very high leverage (above 65%), floating rate loans (higher projected return but increased the risk of catastrophic default if interest rates rose), financially engineered capital stacks (which increase the risk of a problem for the normal equity investors in ways that are similar to taking on more debt), very high sponsor split compsensation that financially incentivize them to push the risk-envolope etc.On the other hand, all the conservatively underwritten multi-family deals (low leverage, fixed rate loans, simple capital stacks, average sponsor split compensation) are almost universally fine.Another area having problems is in the riskiest strategies like ground-up construction (opportunistic)...because everything is more expensive than projected.

I've got quite a bit on them, but am looking for anyone who may have actually closed and funded a loan with them. 

I'm thinking heloc, then credit card then a lawnmower loan.

Anyone have any experience buying selling or loaning money in Belize ?

Another consideration is that you already have some protection due to the loans on the properties.

i think having 'discovery calls' with multiple brokers/lenders is always a good idea. see what loan products they can offer you, what their rates are like (but note that many tell you one thing & ultimately have to close you at another), and most importantly make sure you have a good gut feeling about them. make sure they're responsive and want to educate you & don't try to win your business by sh*tting on other lenders. it weirds me out that the person you talked to had said what they said. to my knowledge, rate shopping & getting your credit pulled for it multiple x in one 30-day span is just fine. all those hard inquiries fall off anyway. it's worth it to get a great loan product and a great rate. and they're wrong - not all lenders have the same products to offer!

A lot of students get their grants, scholarships, or loan money in a lump sum at the start of the semester, so if you can get them to pay you a semester in advance that works out nicely.5) My rule for security deposit is nothing gets refunded until everyone moves out. 6) I would set rules about "quiet hours" and guests.