This structure simplifies management, centralizes ownership, and provides an extra layer of liability protection.Tax-wise, the state where each property is located will still require income tax reporting and LLC fees.

Either1) your startup takes off and you can distribute profit fast enough to pay off your debts, or2) you find another source of $100,000 a year (which barely even starts to pay down the $300k, but might provide a better chance for a better loan), or3) you BK and possibly lose the rental houses to creditors (hopefully not, but we don’t know how they are held), or 4) you sell the houses, take the tax hit, work with the IRS on a payment plan whose interest will be much lower than your CCs, and focus on the startup.  

I generally only use the anonymized email provided by the websites.

You can provide a loan modification approved by the bank to be accomplished immediately upon the purchase of the note, this, along with the waiver and request for the sale by the borrower takes the bank's liability away selling a note to a non-banking/mortgage broker type buyer.

So minimal impact to credit during the rehab process.It appraised for $173k after rehab, refinanced and paid everyone off including the seller, and walked with cash to do my next deal :)

For those who are unfamiliar, PadSplit is an affordable housing tech startup that provides a house-sharing service for working people.

I recommend recalculating the increases and providing notice within the necessary timeframe.

In the Reno market, we have access to hyper-localized and up-to-date rental data and local knowledge of different areas, providing a more accurate picture.Remember, buying real estate is a liability until you sell it, at which point it becomes an asset.

Did the book provide enough information to get started such as contracts, tax liability information? 

The longer you hold at the higher HML rate will really impact your bottom line.