She's the creative one, and I'm just the muscle. ;-) How did you find this deal and how did you negotiate it?

I'd like to declare myself a "real estate professional" as I'm on sabbatical from my W2 job this year and could say I have spent the obligatory hours on real estate work, however, on googling this issue, many people advise against because real estate activity has to be active management and I have professional managers doing the day-to-day.  

Therefore, I ask that you declare the LLC as null for asset protection purposes and allow my client access to the personal assets."

The second part of the statute is in there to declare that all real estate contracts produced to meet this burden of proof that do not show 1) "good faith" and 2) "for a substantial consideration," both of which are standard introductory elements of a correctly drafted real estate contract, are "void and ineffective in all cases, suits, or proceedings had or taken under this chapter."

I think there's pros and cons to both, but to be clear in other scenario I want to lead or be actively involved in finding and managing the deal so I can begin to build up that muscle.

To make matters a little more complicated, if you are currently self-employed, you are not allowed to declare 100% of your income.

To make matters a little more complicated, if you are currently self-employed, you are not allowed to declare 100% of your income.

Most are declared as untouchable and do as they please.

Cause they will pull your credit score so you need to have a semi decent credit, also they will want % down, you will probably have to declare how much income you have per year and they usually like to see 2 years of stable employment This is for a regular conventional loan

I repaired the toilet and window and told the inspector to declare the place uninhabitable so they could throw them out immediately and save me the trouble.