Secure your option with a mortgage in second position to block out your equity.

As for the initial investment, I am working towards securing the necessary funds and am open to exploring various financing options that can facilitate this.Despite facing numerous challenges and setbacks on my real estate investing journey, I remain determined and resilient.

Becoming an S-corp has some downsides including additional tax prep fees, payroll processing fees and lower social security income in retirement. 

You will realize the loss for tax purposes when you sell the security, which it sounds like will happen in 2025.

Deal with it.Correct me where I'm wrong but Novations can be executed by either a Power of Attorney being given to the investor or by an investor just doing the paperwork, both being done after they secure their interest with an option contract (unless there's some other creative thing I haven't heard about yet).

I've collected thousands in security deposit from my guests who've caused damage.

This gives you time to save or secure financing while locking in the opportunity to buy.Deferred Payments for Belongings: If the belongings on the property are a sticking point, you could offer to assist with clearing or storing them as part of the deal.

Also I am curious if you had to disclose any personal assets even if you did not use them to secure these loans in other to enter an agreement with them. 

We also received a $2400 security deposit.

Move out was conducted and security deposit returned.