To add a deeper wrinkle in, as a new S Corp with no history of reputation I expect I will have to personally guarantee the S Corp loan.First how does that work...am I just a co-signer on the S Corp real property loan or is there some other mechanism that comes into play?

Hello,Bobbie Johnson here, looking to dive more into the housing market.

Use your motivation and try to learn as much as you can here; the forums have a lot of information, as do the blogs, and there are a lot of lists and posts about great books you can dive into.If you can find a property management company to work for you'll learn from the ground up, which I think is far more valuable than trying to come in top-down.

There are different qualities of appraisals and due to the significant difference between the negotiated price and what the appraisal came in at, it may be worth a few hundred to you to get a more detailed appraisal funded by you that digs deeper and takes into account mechanicals and other minutia that many market appraisals don't cover.

Depending on the rooming house clientele, turnover can be quite high as can delinquency.On the surface the numbers look Ok ... but that normally makes me want to dig a little deeper.

After finishing BP's Ultimate Beginners Guide I feel confident in my drive to dive deeper.

I would love to be able to dive into equity from the get go and rent the house out as it seems the dallas market has some pretty decent cash flow.

Buy the pump, get a 55 gallon plastic drum, cut it in half, drill a bunch of holes in it (big holes), dig a big hole in the ground in the crawl space about 6 inches deeper than the half barrel, pour 6 inches of gravel in the bottom, put the barrel in, pour gravel around the sides, set a solid concrete block in the bottom, set the pump on top of it, run your hose downhill of the house, plug in the pump and test it out (use a hose to fill the barrel).

How do you know when a particular stock is going to dive; just ask me what I bought that day or week and you will know.

It seems like the problems got bigger as we went deeper into this project.