(I had additional carrying costs from a HELOC, which meant I walked with around $45,000).Aquisition:We found this deal on a wholesalers website who we keep an eye on.

You may show losses that can be carried forward and offset future capital gains.

According to HUD guidelines, they should provide you a letter from a healthcare professional, licensed in your state, indicating the need for an ESA, and mentioning an ongoing relationship.  

As for the gift for the down payment, it's generally allowed, but it must be properly documented as a gift letter to the lender.

However, if you have other investments that can carry these losses and still have positive portfolio cashflow AND gaining significant equity, maybe keep it.... 

- Who carries the personal guarantee on the debt?

Quote from @Carrie Matuga: @Joseph Fenner I love your goal and how high you've set the bar.

I also carry $1M of insurance to protect in these instances as well. 

There are two distinctly different collection strategies you can pursue:1) Collections Company: there are several that ALL they do is pester the debtor for payment with calls, texts, emails, letters, etc.2) Collections Attorneys: they will get a money judgment for balance owed and then pursue garnishment as necessary - including garnishing any state tax refund (if the state allows).Both will take a percentage of what they collect.

I was served a certified letter by one of the six tenants at a student rental house stating my lease was void because of violating  Wis.