Recently got my Real Estate License and have closed a couple deals there in helping friends buy/sell homes, helps bring in some extra cash.

Put a lock on the door between the extra bedroom and the main house for security and rent it on Airbnb.

I had large payments on my personal loans due and extra money going out to finish the project, not ideal.

As I understood that allowed me to have an extra layer of liability protection. 

This structure simplifies management, centralizes ownership, and provides an extra layer of liability protection.Tax-wise, the state where each property is located will still require income tax reporting and LLC fees.

That extra cash flow isnt safety, its the market signaling with a big red flashing light, Risk.

You're not going to get extra points for knowing how to google me. 

Fourth: even if the entire deduction is available, it results in much smaller automobile deductions in future years and extra taxable income when you sell the vehicle or trade it in.

Take the few extra hours it may take to originate the bank loan and divide it by the added finance charges and its normally more than most borrowers time is worth.

We're not even sure where the extra went, and are feeling like we're stumbling along in the dark.