My partner only wants to do a short lease (1-2 years) to see how it goes and I think I agree, especially since I may be guaranteeing the lease.

If you end up with even a small price decline, which I think is nearly guaranteed, you'll be underwater.

Unless you are a managing partner at Bear Stearns obviously.The fact that the fed is pumping money into the system when commodities are at all time highs and rising fast makes inflation an almost guaranteed thing.If wages rise accordingly (which it does not look like right now) we will just get out of debt by ways of inflation.

What I'm not sure about are these new developments that offer cash back at closing and guaranteed rents for X years.Have you all seen these types of deals?

$12 tril guaranteed, if that blows up who wants to bet tax payers are going to be on the hook for about $750 bil or more?!

The institutional money has not found a way to get guaranteed returns on these properties over a long period of time.

If I were lending I'd want your and your husband's detailed financial statements, and personal guarantees.

Another possibility involves buying it in the name of the LLC, but you providing a personal guarantee for the mortgage.

Because I guarantee when the IRS beefs up staff, they will be having 6 figure deductions against w-2 income as a top priority, and in an IRS audit you are guilty until proven innocent.   

Such forward-looking statements involve known and unknown risks, uncertainties and other factors that are difficult to predict, and are not guarantees of future performance.