Im no means an insurance agent but I recommend you talk to yours asap...however....In general, business income loss coverage typically applies only when the underlying cause of damage is covered by your policy.

I went section 8 because I felt I was getting slightly more than market rents (for quality of home), and it would more than offset my annual inspection repair list that is mandatory.EVERY tenant I ever had apply for my rentals was a single mother with 2-3 kids.  

@Ari Lagunas I would chose the 95% OO loan over the higher FHA LTV due to fha sustainability rules (applies for more than 2 units), fha stringent criteria regarding condition, and fha rules regarding PMI.  

The laws for long-term rentals still applies. 

As for the "Lazy 1031 exchange" reference, a true 1031 exchange allows you to defer capital gains taxes by reinvesting proceeds from the sale into another similar property, but that doesn’t seem to apply here since you're looking at using a passive loss instead of a like-kind exchange.

I'm sure that with some hard work, applying Dave Ramsey's snowball strategy along with my Real Estate investments, I'll be able to pay off all my loans sooner rather than later.

Hello BP members, I have a prospect who has applied for rent for one of my SFR rental but during my processing of the applicant.

Loophole - A way of avoiding or escaping a cost or legal burden that would otherwise apply by means of an omission or ambiguity in the wording of a contract or law.The law here isn't a loophole.

I don't know that you need 10, but I can share the first one or two that WILL work for you, if you apply yourself:The first thing to remember is that most groups and courses, who want to know how thick you wallet is, are not what you are looking for. 

I suspect they drew you a flow cart and then your conversations went something like this: I need to transfer my properties to an LLC for anonymity.They are told they are not anonymous & that is not asset protectionBut I need it anyway for tax savings.They are told there’s no meaningful tax advantages  But I can get non recourse debt because the LLC is the borrower.They are told they still have to personally guarantee the loanNo, I can get non recourse debt I read all about it.They are told yes, while that is true, the leverage is customarily low, applies to much larger CRE transactions and there are still carve outs.