20% cash down 80% loan Fees: $7,500 Bank Loan Fee Prepayment Premium: 5% in year 1, 4% in year 2,3% in year 3, 2% in year 4, 1% in year 5 in each case on the then principal amount prepaid.

I bought an LLC book from NOLO which had a copy, so I morphed that one and the one the title company gave me and it was acceptable.I signed up for pre-paid legal through legal shield.

Focus on staying on budget paying cash or using your debit card for all personal items -- food, toiletries, gas, etc.

It's a debit card and can only be used for specific healthy food items that are appropriate for a young child.

Since you reduce the reserve (and eliminate the "troubled asset"), the % should remain roughly the same.While the in depth debits and credits applied by the banks when loans go bad are out of my experience, the concepts of accrual accounting, reserves and GAAP are not, and are not hard to understand.

secondly, BK  recovery is not difficult for unsecured write-offs;  Apply for prepaid credit cards (they act just like a bank debit card). 

Besides being in the Army, I'm an independent associate with PrePaid Legal Services, inc.

I had $80k in my 401k pulled it all out prepaid the taxes took the penalty and used it on a down payment for 2 triplexes and a duplex.

Seems like too much of an administrative headache to do.Screen your tenants good and try to find someone who you think will keep it clean without needing a prepaid-maid.

Yes, the CPA will do the taxes but you need to have a basic understanding of amortization, depreciation, debits, credits, ect.