(Might notice that on SBA loans, the borrower always gives icing on the cake, often all their assets are at risk).If our dealer obtains a loan and uses only his home, say a cash out refinance, he may use all the proceeds to buy motorcycles, that doesn't make his loan a commercial loan.

Especially if you are self managing...If you start with, say, a fourplex, and put all your systems in place, in a few years your money will still be there, you will be wiser, and likely you will still find plenty of other larger investments, and be better able to assess those for investments..

I keep a busy schedule, but I always say, a man's gotta eat.  

When they say yes....text them and ask, do you have a current section 8 voucher that covers (whatever the rent is you are asking).Also ask....do you have any felonies, etc.Also ask what kind of pets do you have. if they say none....great....if they say a dog...ask what kind ....if they don't know what kind of dog they have then move on....Also ask HOW many people would potentially live at the property and how many are 18 or over.....You can use this as a determining factor because if you have two candidates you like for your property and one candidate says it will be her, and her two year old living there vs. 

Does holding it in an LLC vs personal name help protect your syndication investment against judgments and charging orders that arise say a personal suit? 

Hope I'm not out of line commenting as a non-licensee, Mike.As a seller I would think it pretty stand-up to say, as my listing agent, you won't charge commission on seller concessions. 

My education, or rather, what I believe to be true, can be summed up as follows: Single family homes are great because they tend to appreciate on a supply-demand scale, and if bought in good neighborhoods, you can have a tenant long term who will take much more pride in the condition of the unit than, say, a typical renter in a four unit.

Id say a few of those years I made some extra money, and most of them I bet I spent more to maintain my license than I actually earned. 

If you were young and had limited money would you partner for your first deal or try to work a way to get private money on let’s say a $50,000 house?

My dad used to say a smart man learns from his mistakes buy a wise man learns from others mistakes.