That a situation where only the bank wins, via interest payments. 

The reality of the situation is much different than a spreadsheet. 

I think the best way to safeguard yourself for situations like this is to ask for referrals of current students who joined for the same reason you are interested in learning.

Obviously, no one wants another 2008 situation, but I think easing up on the regulations a bit could be great for both investors and people buying homes.

I don’t think that is the person this sort of situation is meant for.

You would have to go after the one individual for non-payment and you could only remove the other three by going through the legal process like you would for someone on a verbal agreement, which puts you in a he-said, she-said situation. 

>>For purposes of taxes, consult with a CPA to confirm this would work for your situation, but you could have the LLC be treated as a "disregarded entity" and thus, even if you and your wife are members, any profits/losses would "disregard" the LLC and go directly on your personal returns. 

It's important to ask yourself, and be honest with yourself, how you would handle managing tenant situations if you were to become a landlord.

And frankly in many instances depending on the situation it could be beneficial for the owner to let it go.. as they are entitle to the overages..

., mobile homes often lose value over time unless they are situated on owned land) and tenant turnover.However, tax advantages include depreciation deductions, which allow you to offset rental income by writing off the property's value over time, and cost segregation, which accelerates certain deductions.