The account does not have to be an interest bearing account but if it is, then a portion of that interest earned has to be returned to the tenant annually.

I don't know if they still do it but if memory serves a few years ago TD Bank would do a HELOC on a rental in second position but only if it was titled in someone's personal name. 

Gordon is the owner, I doubt whether he could completely hide behind his LLC to protect personal liability. 

The person worked for H&R Block, now works for TurboTax Live and is being honest about their skills: NOT QUALIFIED.

Haven’t used it personally but a good friend of mine who self manages around 20 doors uses it and swears by it. 

Dumb Debt also means that the owner takes on recourse debt and personally guarantees it instead of non-recourse debt or other people’s debt (OPD) or cross collateralizes it with highly appreciated assets with low debt to value ratios.

If you wanted to fund a portion of the down payment would you suggest a hard money lender, personal loan, etc.?

Its no different than a tiktok video on financial literacy gets not views but if its a person shaking their you know what or talking about spitting on something they become instantly famous...

Unfortunately, this problem waste a lot of my time that could be spent on other investments.I have used the same tax professional for many years and he is very educated, but also much older than me and it's hard for me to understand all the reasons he has expressed why is better to put the rental on my personal tax returns.

It wasn’t a massive deal—our expected assignment fee was $10,000—but when you’re growing a business, every opportunity matters.Everything seemed to be moving smoothly until the title search revealed a major roadblock: the mortgage discharge couldn’t be cleared because the person who needed to sign off was deceased.