Quote from @George Kopp: " the borrower has agreed to personally guarantee the loan. " A borrower is legally obligated on the loan to begin with, the concept of personally guaranteeing one's own obligation is meaningless.Personal Guarantees come into play when there is an agreement to become liable for the debt of a third party or related entity.

Its not always a perfect no cost, sometimes it a low cost refi, or sometimes the lender credit can be larger then the costs and its actually a negative cost refi.

Just remember: most negative reviews are written by problematic tenants.

Things to know but I hope never come up for you is domestic violence laws apply regardless of relationship, even just roommates cops should enforce them but they don't always do so.I expected some negativity from other units but haven't seen any. 

Keep in mind that if you burn all of your equity in your home and the market where your home is goes down, you own something that is now a net negative if you sell.

A 1031 is not a choice unless your you know something negative about your property not present in the target.

When that happens, your ROI will tend to suffer, and in some cases, you can have negative returns until the market is more favorable. 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

We’ll help pull back the curtain a bit on the biggest drivers of mortgage rates, as well as how investors can watch the market like a financial expert does.Bond Market Concepts: What Determines Mortgage Rates?

How can I take this money and put it down on a couple properties and use them to negate the tax obligations?