I am almost doing a JV in the respect I am doing hard money loans with my 401K.

With respect to the carry forward of losses, my accountant did mention that I could carry these losses forward indefinitely until such time my income was below the threshold.

Knowing deep end swimmers in my native profession, I have deep respect for anyone who has spent the time, devotion, self-education and friendships to do that.

Southside - 81st Ohio -> quiet and respectable areaBetter to be safe than sorry ( sole proprietor )

It was a cheaper SFH that I cut my teeth on and now I am no longer interested in that area or demographic.We all remember when we were newbies so in some respect she may be just trying to give you a good start.

Lauren Taylor - Thank you, very sincerely, for your comment - It really is refreshing to get the perspective of someone that's actually been there and actually did get a loan to start their career - I definitely plan to work very hard at it, and definitely plan to succeed - im not gonna try to succeed, I AM gonna succeed - I think saying the word try is planning to fail, that's why I wont use it here - Again, thank you for your comment, and thank you everybody for your comments as well - much appreciation and respect :)

I made concessions for him to split the deposit over a couple months period I would respect him to honor that.

Dana is correct, Fannie, Freddie, USDA, FHA and VA will assume to be QM following those respective guidelines.Ratios can still go to 50% with compensating factors and there are exemptions for regulated lenders where the assumption will be made that a mortgage falls in the QM guidelines or they may originate a high risk mortgage with limiting loan conditions.

Therefore if say $675 and $900 are the 'true market prices' for 2/1s and 3/1s respectively, your condo would likely be in the $800-$875 range.My 2 cents.Best of luck.

So, it is a liability UNLESS it produced income in excess of the expenses.I respectfully disagree with the definition.