Do you have the skills and leadership required to run & manage the project to completion in a timely fashion.

Ride the trend of growth.

If they can't buy your friend out of the deal and he will have no personal cash in the deal or a requirement to guarantee the loan, sounds like he's in a perfect scenario and just needs to ride this out for the long-term profits.Am I missing something?

At that point, they can prevent you from using those business expenses as deductions.In a similar fashion, from a legal standpoint.

Good luck and enjoy the ride!

Real estate is a heck of a ride.

The old fashion way is the best according to me. 2.I had some challenges opening a bank account: the requirements for many banks was to have some kind of US ID as a primary identification plus your foreign passport3.

For example, if the debt was a car loan with a relatively low interest rate (2.9%) and set payments and payoff schedule so you knew that it was going to be paid off in the next 24 months no matter what, then I'd probably say let it ride and focus on your savings. 

I'll continue to upload photos of completed buildings and units as they are available and will also break it down by building for a more comprehensive look and to illustrate lessons learned in a more precise fashion.

The tenants should also expect to be responsible for cleaning up the animal's waste from the yard.Another thing to change in a timely but non-retaliatory fashion is to require the tenants to carry renters insurance,  in case their lovable ESA bites somebody.Plus side is at least you are getting a golden retriever and not a pit bull,  or a herd of ESA goats or something.