I see your point, but it would suck to really start making some headway and then one "accident" cause you to lose everything simply because you didn't take the time and spend $200 to incorporate I get what your saying Chase but the odds of someone suing you are actually very low if you are running an honest business.

Vetting a reliable contractor can significantly boost your odds of success.

I have a very odd situation:I basically bought a house for a friend of mine about a year ago and gave him a 5% interest only loan for the entire purchase/closing/renovation costs.Both he and I would like him to get more permanent financing.But, he does not have a social security number. 

But  odds are house   prices wont go down . 

That can lead to odd quirks, sometimes good deals, and sometimes long and arduous processes, it just all depends.I will share a story - one Credit Union was offering such attractive HELOC terms that Auto Dealerships caught on to it.

Despite the massive 15/2 odds against him.

I have thought about partners and guys at work have expressed interest I just don't want to ruined work relationships if something were to go wrong with the deal or I couldn't keep up my end for some odd reason.

Deals will oddly come your way every now and then!  

If you are foreclosed upon your odds of getting a loan in the next five years goes to near zero.My recommendation - sell the assets and get your finances back in order. 

Odds of finding a 10% down lender in any market (let alone the one we are in) are slim. 15% is the absolute max that we see out there in the DSCR space now.