My answers don't take into account your personal relationship with the borrower, because I don't know enough about that, and it may be impossible to salvage anyway.First, although you appear to have a significant equity cushion, it is amazing how quickly that can change.

If someone new comes to me and says "I want to lose 100 pounds in 3 months" I would let them know that that is mathematically improbable if not impossible and guide them to a realistic high and low scenario 10-40 pounds...kind of the idea with leveraging the wealth of knowledge here :).

It's really impossible for me to advise you without knowing your market.

First off it is impossible to compare a legal entity such as a LLC to an insurance policy that is like comparing apples to oranges.Why don’t you ask the CU what they mean by ‘qualify’ and ask someone that knows what they are talking about that can show a CU policy in writting?

With so much junk in the way it's going to be impossible to put in a new water heater anyways.

According to my HVAC guy, it would've been next to impossible to get air to the 2nd floor without messing up the ceilings, not to mention the issue of getting cold air all the way up to the third floor.

They are obviously going to INFLATE expenses for the IRS so they can deduct as much as possible.But in the end, it's impossible to expect to get a 100% accurate picture of the property until you own it.

, Other people's money....Unless you have very strong investors such deals are about impossible in reality if you can't carry the water yourself.

The real estate business can offer you the ability to be a contributor to society and enhance individual lives.Without having sat through the conversation you had with your father-in-law, it is impossible to fully understand what was said, intended, or implied.Your father-in-law may have been correct when suggesting you may go bankrupt or put your family in a challenging financial situation.

But not impossible.