There's also a whole chapter covering this subject in Stephen Fishman's "Every Landlord's Tax Deduction Guide," Chapter 6, segmented depreciation.I felt the same exact way as you until someone had a deep discussion with me.

Yet it seems to be this deep dark secret that no one knows about.Do you actually think I would steer my client to fill out an 11 page application with every single little detail of financial info to some idiot in Japan.Get Fukin real!

Well the DTI is going to be 45%, and he can go SIVA however his assets aren't that deep a few thousand.

I wanted to offer you an opportunity to buy property at a deep discount.

if your going with financing and a longer closing then you will have to show the bank your well qualified and pretty much play by their rules (their conditions, timeline, etc.) if they don't have any other offers or any cash offers (the bank i work with will take deep discounts for cash and fast closings (2 weeks or less)) you may make a higher offer but if the bank can get it off the books before the end of the month with a deep discounted cash offer then they will seriously look at it, even if they lose some money.

She takes a deep breath and goes out there and does it.

This way I can make a low offer, if he accepts then Im able to assign property over as a deep discounted property to maybe a contractor investor or rehabber?

Fixing this is going to depend on how bad the affected area is.If there's just some mold spots on a bathroom ceiling, you can kill the mold with some vinegar, or bleach/borax.Bigger mold defects (like deep penetration) might cost you significantly more.If I was in this situation, I'll first get a friend out who knows what he/she is doing for input, then maybe start getting quotes from mold specialists.And you do want to do this as soon as possible - you're right this could affect your health and that of your loved ones

Still, you will see some large companies go down and then see creditors go after the individuals assets because they guaranteed the loans.If you are a single member LLC and you self manage your protection is minimized compared to a multi-member and separate management.Having an umbrella is important.If your personal net worth is high you are at more risk even with 1 property because lawyers always look for deep pockets.

I've been trying to learn as much as possible, and get things in line before getting in too deep.