@David To In Texas there is a way of using tenant personal property to pay past rent.

Hey @Mordechai Chaimovitz - It sounds like you are talking about Chicago's NW side because there are definitely tons of areas in Chicago where a 2 flat can cashflow well.I know for me buying on the nw side was critical to my personal well-being and life happiness. 

Then, each person with money in the deal would get an 8% preferred dividend until they get all of their money back.

For me personally, it was worth making the switch because of how much money I stood to save and the flexibility to run things the way I saw best fit.

However, I think for the average person this is probably not true. 

To a point made by another person who commented, you may be able to have a lender do a 'one-off' portfolio loan at a 95% LTV if they trust you enough . good luck.

Account Closed It will only show on your credit report if the person who is holding the notes goes to a servicing company so it is recorded.

You might be able to get around the fact your entity owns the property by either transferring the property back into your personal name or by some personal guarantee or cross-collaterization agreement.

Also, you don’t need a business license just to look at properties, but if you buy a bigger property, like a multi-family unit, you might need a certificate of occupancy, depending on the local rules.For business trips, most expenses can be deductible, but if it’s part personal and part business, you can only deduct the business portion.

Continue to scale my personal RE investments and learn!