Typically a credit card balance does not need to be paid off to include the expense on the current year return. 

How many bank/credit cards?

The last post is correct, we are required to have our license classification and clearly displayed on our trucks, business cards and any other advertising.

It's seamless, makes tracking revenue and expenses very easily, provides me with bank account options for all of my properties as well as virtual credit cards AND a hefty interest rate on savings.

So you'll have to show that you've made the payments on time for 12 full months (cancelled checks or bank statements to evidence debits on your bank statement to show payment).The 12 months of payment documentation will be required from the underwriter as a condition almost guaranteed 99.999%.Keep in mind what I am talking about here is if you pay an underlying mortgage that you're not obligated on and after the 12 month of payment you are "no longer," subject to the 50% LTV restriction with conventional financing.

I think it's important to start with this - is your 250k debt what you owe in principal on the mortgage on your home or is this separate debt (credit cards, cars, medical, student, etc)?

California would go as far as looking at her credit card statements to prove she spent more of her time in CA. 

I have been successful for other clients negotiating a get out of debt free card for the DIL. 

None of the above is new or earth shattering, but his marketing blitz approach and auction style open house along with gift cards for signing in, free stuff if offer is made within 48 hours etc.

I also have virtual credit cards assigned to the various properties.