How I Turned $1,000 into Five Million in Real Estate in My Spare Time [Paperback]William Nickerson (Author) 

For example, let’s say that a borrower has salary income of $1,800 per month, a Net Renal Loss (from the subject and other properties combined) of $100 per month, and existing non-mortgage liabilities of $750 per month.By taking the Net Rental Loss and reducing the income instead of increasing the liabilities, the DTI is more favorable.Structuring OwnershipWith a Conventional loan, the deed must be recorded in either the personal name of the borrower(s), or in an Inter Vivos REVOCABLE trust, assuming the following conditions are met: The trust must be established by one or more natural persons, solely or jointlyThe primary beneficiary of the trust must be the individual(s) establishing the trustThe trustee(s) must include either:o The individual establishing the trusto An institutional trustee that customarily performs trust functions and is authorized to act as trustee under the laws of the applicable stateThe trustee(s) must have the power to mortgage the security property for the purpose of securing a loan to the party (or parties) who are the borrower(s) under the mortgage or deed of trust notePlease note that FNMA does NOT allow you to close in an LLC or other type of business entity.

Some options are1.) research public records @ your local courthouse to find the loan originator, or who is servicing the loan2.) have the seller provide the statements. either online or by mail3.) have them authorize you to contact their bank. 

Like the author, I agree with much of the attitudes but I have not seen where holding RE long term is a jobs matter beyond the initial rehab,it's not really a jobs producing on-going venture.

I know from research in past threads that my FL income will end up being taxed here in CA as part of my income, but I'm not sure if I should look for a CA tax preparer who is familiar with CA tax laws since he will be the best authority on claiming all the allowable deductions.

This was my first property and I managed to buy at the very tip-top of the market....without having a clue as to what I was getting into.The biggest things that concern me regarding your responses are the equitable interest and my liability should their "upgrades" go to pot.It's hard to specify that they have to use a licensed contractor for the work they want to do because they want to do it (mostly) themselves, and what they can't do they have their son-in-law do - for free.Their lease is up at the end of the month, so I'll have to put in the lease that I have to authorize the work they want to do, and approve it after it is done.

They have authorized education providers and stick with them.

Those holding this license are only authorized to negotiate loans or perform any act as a negotiator in connection with loans that are made by a Licensed Lender under the California Finance Lenders Law.

I have a list of the book through show 120, just title and author. 

Then you'll have somebody in authority who will actually carry out the wishes of the residents.