Any bank examiner will see this as a ploy to evade prudent lending practices and other issues.

While you can always try, my practice is that I will always repair to maintain the status quo.

.• I am a Realtor in Las Vegas and my practice is almost exclusively remote investors and most of my clients use either LLCs or LLCs in combination with what is called a Nevada Asset Protection Trust to protect their assets. 

Rent the movie 'Swingers' and you'll see a great example of bad phone practices.

@David Begley   I hear what your saying however in a practical sense and only from my personal perspective of being a HML... ( I had a 30 million plus book of business with our own cash and bank facilities we loaned from)...

E-LOAN in practice doesnt, in most cases finance mortgages under 100,000 because they make little money, plus its difficult to resell the loan to another company.

Also, when applying for a loan, the standard practice for banks is to take 70% of your rent for income.

I plan on continuing to build this site until BiggerPockets becomes the next cultural phenomenon.

With a glut of inventory already on the market in most areas; the subprime fiasco causing lending practices to tighten (thereby shutting a lot of potential buyers out of the market); a looming avalanche of foreclosures; and a pending recession; who are you going to flip to?

Walace D Wattles has some amazing literature...Free Ebook: http://www.scienceofgettingrich.net/This is what inspired The Secret and I read this after watching the DVD.Free Ebook: http://www.scienceofbeingwell.net/Forget fancy weight loss programs, this is down to earth practical advice.Free Lessons: http://www.myspace.com/ozlatThe teachers of The Secret provide free lessons and course on SGR.