We ran the numbers to make sure we would still have some cashflow even with the HELOC when we're done rehabbing because it's at a higher interest rate than you can get with your regular mortgage.

The logic is they can not claim they did not know later.

Just because someone claims to be a relative, does not mean they are entitled to anything.

However, our AGI is above $150,000 a year, and neither one of us is a real estate professional.Because of that, it looks like I would not be able to deduct any rental property loss against our regular income if I owned a rental property in the "normal way" (schedule E).My question is whether or not it is possible to get around this by forming either an LLC or an S-Corp.

Others who claim they are hard more are technically more like non-conforming lenders who do care about credit.3.

Also consider the travel distance if you expect to attend meetings on a regular basis.I would be a bit liberal and visit a number of groups to see which ones you like.

If I was presenting to a bank or investor it would be mostly to show how the information can be shared over the web or in a regular report.The idea here it to combine the above in some fashion to present a more complete picture to an investor from out of the area or a banker so the loan package makes sense.

Having gone through this so many times, I just don't see how you, or any other buyer in Las Vegas, can claim to be uninformed.

The value is limited if there are no regular payments.

TM,Read between the lines.See if you can find anyone who has closed 1 such deal who is a regular on BP.Deals of the size you are talking are not going to be done by new investors who are on BP.