Unlimited guarantees, also called Non-Recourse, means that the bank can go after each individual for as much as they can get in order to be made whole as quickly as possible.

ah okay that sounds great, do syndicates mostly focus on wholesaling projects or are they more for individual funding purposes?

We are individuals managing our rental ourselves.

Does anybody know if it is possible to buy an individual non-performing FHA note from Quicken Loans?

The coursework doesn't teach all that much.

This community is a great place to learn and has many like-minded individuals who have a wealth of knowledge from all walks of Real Estate.Investing within Seattle City limits can be challenging, for the reasons you've mentioned in your post. 

This is a business where ones success is almost totally dependent on the individual.

I guess it all depends on the individual and the property you are insuring. 

No, however it's easier for tax reporting if it's going to be used for 100% business purposes.If mixed use, generally it's better to keep in the name of the individual. 

So Philly is a city composed of individual micro markets that vary from neighborhood to neighborhood.