You are still personally guaranteeing the loan.And you did the right thing by putting the assets into an entity, especially if there is equity.

Little did I know it would take decades to ripen :)3. bought a foreclosure sale .. traded the house for the 3 acres the person who owned the house. 

Where would somebody find such a person that even gave a care???? 

Sometimes it’s the VA that asked the question first  and then the person they’re marketing for comes on the thread and answers the questions to promotes their services.

Personally as long as the building didn’t flood I wouldn’t care.

I use a schedule E and do not have an LLC or business name, so can I purchase the vehicle under my personal name and take section 179?

My personal example is a one bedroom condo I’ve held my entire adult life - and this is in a top tier market - Dupont Circle neighborhood in Washington DC.

Quote from @Monish Anand: Start by looking for personal recommendations from investors in that market, then look on realtor.com or a google search.DO NOT use agents suggested by a website like realtor, Zillow, etc.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

How many properties have you seen in person during these years you've been looking, but not buying?