It’s usually best to open a separate business checking account so your rental income and expenses stay organized and away from personal funds.

You are going to send your wife to personally unclog that toilet.

You’re still going to be personally sued when something goes wrong. 

Quote from @John Friendas Quote from @Patrick Roberts: If you are on the note or personally guarantee the debt, then it will affect the liability side of DTI, regardless of whether the lender reports the loan on your personal credit.

Welcome to Bigger Pockets @Joshua KeimAs a fellow Memphis native, I’d love the opportunity to connect in person and discuss strategies with you!

The strategy is built on your own personal cash flow commitment.

(Keep in mind there are Fannie Mae maximums on the number of personal loans you can have - which is 10 per person.

I personally think you can successfully market both your property management (PM) and buy/sell real estate services under one brand if you position them correctly.

I personally know of top 1% Airbnb homeowners that are flushed.

For mobile homes, it often depends on whether the property is considered real estate (attached to land) or personal property (if it’s not).