As a general rule I disregard the 50% or 2% rule.

Much thanks in advance Mike Roterdam Minnesota @Mike Roterdam ,There are no tax ramifications unless your LLC is anything other than a disregarded entity.

Not to totally disregard your questions, but what's the worst that could happen?

I would have never had this opportunity if I just stayed at home and took the safe route.If you do not live at home and you live on your own then disregard most of what I just said... haha...To sum up my rant: Experience will open up more opportunities than you can imagine.

Just disregard the guru sales pitch.

Only to have the old school RE agents just disregard any of said advice, and continue to advise their clients to prefer the conventional loan over an FHA.

Either way, his all-green credit report goes back far earlier than the move from his house, so whatever caused that, did not damage his credit.She has highly-fluctuating but generally low income, credit score 513, credit report looks like a paintball target; two accounts written off as bad debt, one in 2009, one in 2012.I'm not sure how to evaluate this situation....In evaluating the debt load that this rent would put on them, I am disregarding her (low and unreliable) income, and looking at his; the rent on this house will be about 50% of his income.

The most common withholding exemptions are the sale of your primary residence if you qualify for the tax-free exclusion under Section 121, exchange of rental/investment property if you qualify for tax-deferred treatment under Section 1031, or if you are a corporation, partnership or other entity that is not disregarded for income tax purposes.

And some disregard local laws, like real estate brokering laws.My favorite capable TRAINERS are:The Late Jack Miller CashflowdepotPeter Fortunato peterfortunato.com John Schaub johnschaub.comDyches Boddiford assets101.comDavid Tilney davidtilney.comThomas Lucier Mark Warda JDThe Late Barney ZickOn BP the ones I listen to with utmost attention and care are Rick Harmon, @Ellis San Jose, @Bill Tan, @Bill Gulley, @K. marie P., @Dion DePaoli, @Ken Rishel, @Terry Lewis,  @Amanda Han, @Dev Horn, @Jerry Puckett, @Michael QuarlesYou would be well served to see the above list of speakers and follow the BP members listed.There is so much NOISE in the real estate investment space, so much pompous promotion, and there is so little real education, acute training, and true value. with the vast majority of the promoters.

I certainly wouldn't want to deal with such disregard.