You'll want to put together a personal financial statement (basically lists of all your assets and liabilities) and have your tax returns ready.

I think it's just for text, not to talk with a live person.

I personally would never invest somewhere that could outlaw rentals.

Hello- I have a. situation that I need some clarification and understanding.Situation: My wife is the Conservator and legal guardian of her mother who is in memory care. In order to help finance the care, we are curre...

In addition, you want a separate bank account for the rental property to separate it from your personal accounts.

You can find it through the MNREIA web site or email me if you have any troubles.Type @ and the first few letters of a person's name to link.

I got a deal on labor as I know the contractor personally and helped out a bit with the project.

- Loss of historical data (for both IRS audits and for personal portfolio tracking.)You should be able to print the general ledger and Balance sheet / income statement for each period.

For my own personal goal reasons, I am going to still with searching for a lender who will be open to it.

This will allow you to remove the person and do the financing on your own.Home Equity Loan/Line of Credit: Since you're looking to access equity, a home equity loan or line of credit (HELOC) can be a good option.