Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.

Wouldn't it make more sense to raise money privately?

Look for some of those to go in as an LP (limited partner) and learn and grow your knowledge, skills and investment money so you'll be ready for the next accredited deal. 

Your time is worth money, it's time that guests aren't renting your house. 

They marked it down as a "claim," even though the delivery guy never filed suit, asked for money, or sent a demand letter. 

"Putyour money where your mouth is."

Fortunately, I have found investors and contractors that are active investors and do try to see it from my perspective on how to make money in the deals but I agree with the extra opinions and "trust, but verify"

2) Some folks prefer to only pay interest for the money they use - which is HELOC here.

I'm sure he could give you some pointers on setting up a business and creative ways to save money.

Hard money loan that covered 100% of rehab and 90% of purchase.