If you're looking to do that and still get all your entitlements as a W2 employee then roll w/ it...pay yourself 1k/month and then 0 it out on scheduled wright offs...

I love @Aaron Mazzrillo and he is a true transaction engineer in the Republic of California.California for terms deals such as lease options and installment sales purchases requires strong knowledge of agency law.The California BRE, bureau of real estate, requires a license to talk to sellers and buyers about buying and selling and leasing residential real estate, unless you are a principal buyer or seller and not assigning.I advise most California investors to do Delayed Sales and Purchase agreements w rights to occupy, losing their earnest money if financing is not successful.

@Linda Hastings  Must have been a temporary site issue. 

I was just going to say, I know that @Linda Labbe invests in the US from Canada, so she must have found an accountant. :)

@Ryan Wright  When banks calculate your DTI ratio, they include the additional debt you will be taking on.  

Linda, Thanks for the welcome. 

Linda

@Linda Hastings  Good questions. 

Originally posted by @Linda Weygant:Except for the 3 year lease, I could have written this post.  

@Linda D.